Post Utme Bsu 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Bsu Accounting examination.

Post Utme Bsu 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BSU • 2018 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦10,000, but the general ledger shows a balance of ₦12,000. What is the reason for the difference?

Answer Options

A. The cash book is not up-to-date.
B. The general ledger is not up-to-date.
Correct Answer C. The cash book and general ledger are both up-to-date, but there is a difference in the accounting treatment of a particular transaction.
D. The cash book and general ledger are both up-to-date, but there is a difference in the accounting treatment of a particular asset.
Correct Answer
C
Correct Option:
The cash book and general ledger are both up-to-date, but there is a difference in the accounting treatment of a particular transaction.

About This Question

This is Post Utme Bsu 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Bsu Accounting examination.

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