Post Utme Wellspring University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company prepares a trial balance but discovers that the debit and credit totals are not equal. The difference is ₦ 1,000. What is the next step in the accounting process?

Answer Options

A. Prepare a balance sheet
B. Prepare a cash flow statement
Correct Answer C. Investigate the cause of the difference
D. Prepare a profit and loss account
Correct Answer
C
Correct Option:
Investigate the cause of the difference

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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