Post Utme Bsu 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Bsu Accounting examination.

Post Utme Bsu 2024 Accounting Objective / Multiple Choice

Question 31 POST_UTME_BSU • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦250,000. However, the bank statement shows a balance of ₦280,000. The difference is due to a discrepancy in the cash book. What is the reason for the discrepancy?

A. The cash book has not been updated to reflect the latest transactions.

B. The bank statement has not been updated to reflect the latest transactions.

Correct Answer C. There is a discrepancy in the cash book due to an error in recording a transaction.

D. The cash book has been reconciled with the bank statement, but there is a difference in the balances.

Correct Answer

Correct Option:

There is a discrepancy in the cash book due to an error in recording a transaction.

This is Post Utme Bsu 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Bsu Accounting examination.

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