Post Utme Rsu 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A public sector organization uses the cash book system to record its financial transactions. The cash book shows a debit balance of ₦150,000. However, the bank statement shows a credit balance of ₦120,000. What is the reason for the discrepancy?

Answer Options

Correct Answer A. The cash book has not been updated to reflect the bank's statement.
B. The bank's statement is incorrect.
C. The cash book has been incorrectly prepared.
D. The bank has not credited the organization's account.
Correct Answer
A
Correct Option:
The cash book has not been updated to reflect the bank's statement.

About This Question

This is Post Utme Rsu 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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