Post Utme Christopher University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank reconciliation statement showed a discrepancy of 500 between the company's records and the bank's records. The company's accountant suspected that the discrepancy was due to an error in the bank statement. The accountant prepared the following schedule to investigate the discrepancy:

Answer Options

Correct Answer A. The discrepancy is due to an error in the bank statement.
B. The discrepancy is due to an error in the company's records.
C. The discrepancy is due to an error in the bank's records.
D. The discrepancy is due to an error in the company's accounting system.
Correct Answer
A
Correct Option:
The discrepancy is due to an error in the bank statement.

About This Question

This is Post Utme Christopher University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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