Post Utme Joseph Ayo Babalola University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has a cash book that shows a balance of ₦100,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Accounting examination.

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