Post Utme Lead City University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2017 Accounting Objective / Multiple Choice

Question 13 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦50,000, while the general ledger shows a balance of ₦70,000. What is the reason for the difference?

Answer Options

A. The cash book is not up-to-date

B. The general ledger is not up-to-date

Correct Answer C. There is a discrepancy in the accounting records

D. The cash book is incorrect

Correct Answer

Correct Option:

There is a discrepancy in the accounting records

About This Question

This is Post Utme Lead City University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Lead City University Accounting examination.

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