Post Utme Ksu 2025 Accounting Question 38

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The difference is due to a discrepancy in the cash book. The company's accountant has identified the following transactions that may have caused the discrepancy: 1. A deposit of ₦20,000 was made into the company's bank account but was not recorded in the cash book. 2. A cheque of ₦30,000 was drawn against the company's bank account but was not recorded in the cash book. 3. A cash sale of ₦40,000 was recorded in the cash book but was not recorded in the bank statement. 4. A bank charge of ₦10,000 was recorded in the bank statement but was not recorded in the cash book. Which of the following is the correct explanation for the discrepancy?