Post Utme Caleb University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A public sector organization has a cash book that shows a balance of ₦500,000. However, the bank statement shows a balance of ₦600,000. What is the correct explanation for the difference?

Answer Options

Correct Answer A. The cash book balance includes a deposit of ₦100,000 that has not been recorded in the bank statement
B. The bank statement balance includes a credit of ₦100,000 that has not been recorded in the cash book
C. The cash book balance includes a debit of ₦100,000 that has not been recorded in the bank statement
D. The bank statement balance includes a debit of ₦100,000 that has not been recorded in the cash book
Correct Answer
A
Correct Option:
The cash book balance includes a deposit of ₦100,000 that has not been recorded in the bank statement

About This Question

This is Post Utme Caleb University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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