Post Utme Mountain Top University 2018 Accounting Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's bank reconciliation statement showed a discrepancy of ₦ 1,000. The company's accountant suspected that the discrepancy was due to an error in the bank statement. The accountant prepared the following schedule to investigate the error:

Answer Options

Correct Answer A. The error is due to an error in the bank statement.
B. The error is due to an error in the bank reconciliation statement.
C. The error is due to an error in the accounting records.
D. The error is due to an error in the company's accounting system.
Correct Answer
A
Correct Option:
The error is due to an error in the bank statement.

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 10. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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