Post Utme Babcock University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦12,000, while the general ledger shows a balance of ₦15,000. The bank statement shows a balance of ₦18,000. What is the correct explanation for the discrepancy?

Answer Options

A. The company has made an error in recording a transaction.
B. The bank has made an error in sending the statement.
Correct Answer C. The company has made an error in reconciling the cash book and bank statement.
D. The company has made an error in recording a deposit.
Correct Answer
C
Correct Option:
The company has made an error in reconciling the cash book and bank statement.

About This Question

This is Post Utme Babcock University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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