Post Utme Lasu 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Lasu Accounting examination.

Post Utme Lasu 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LASU • 2024 • ACCOUNTING • objective

A bank statement shows a balance of ₦20,000, but the company's cash book shows a balance of ₦25,000. What is the correct explanation for this discrepancy?

Answer Options

A. The bank statement is correct, and the cash book is incorrect
Correct Answer B. The cash book is correct, and the bank statement is incorrect
C. The bank statement is correct, but the cash book has an error
D. The cash book is correct, but the bank statement has an error
Correct Answer
B
Correct Option:
The cash book is correct, and the bank statement is incorrect

About This Question

This is Post Utme Lasu 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.

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