Post Utme Redeemers University 2023 Accounting Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 31 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. The difference is due to a discrepancy of ₦15,000. What is the reason for this discrepancy?

Answer Options

A. Bank error
B. Cash book error
C. Discrepancy in exchange rates
Correct Answer D. Discrepancy in accounting records
Correct Answer
D
Correct Option:
Discrepancy in accounting records

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 31. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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