Post Utme Veritas University 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of 5,000, but the general ledger shows a balance of 4,000. What is the reason for the difference?

Answer Options

A. The cash book has been incorrectly balanced.
B. The general ledger has been incorrectly balanced.
Correct Answer C. There is a discrepancy between the cash book and the general ledger.
D. The cash book has not been updated recently.
Correct Answer
C
Correct Option:
There is a discrepancy between the cash book and the general ledger.

About This Question

This is Post Utme Veritas University 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

View More Post Utme Veritas University 2020 Accounting Questions More Post Utme Veritas University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support