Post Utme Eksu 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A public sector organization has a cash book balance of ₦500,000 and a bank statement balance of ₦600,000. The accounting records show a credit balance of ₦400,000. What is the correct explanation for the discrepancy?

Answer Options

A. The organization has made a mistake in recording the cash transactions.
B. The bank has made a mistake in recording the cash transactions.
Correct Answer C. The organization has made a mistake in recording the bank transactions.
D. The organization has made a mistake in recording the accounting transactions.
Correct Answer
C
Correct Option:
The organization has made a mistake in recording the bank transactions.

About This Question

This is Post Utme Eksu 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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