Post Utme Babcock University 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ACCOUNTING • objective

A single entry system is used by a company to record transactions. The company's cash book shows a balance of ₦10,000, while the general ledger shows a balance of ₦12,000. What is the correct explanation for the discrepancy?

Answer Options

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

About This Question

This is Post Utme Babcock University 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Babcock University Accounting examination.

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