Post Utme Lasu 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice

Question 25 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following discrepancies: Bank balance 10,000, Cash balance 12,000 What is the correct treatment for the above discrepancy?

Correct Answer A. Debit the difference to the income statement

B. Credit the difference to the income statement

C. Debit the difference to the balance sheet

D. Credit the difference to the balance sheet

Correct Answer

Correct Option:

Debit the difference to the income statement

This is Post Utme Lasu 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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