JAMB Accounting 2010 Objective — Question 13
Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
Advertisement
13. The cause of discrepancies between the bank statement and the cash book that understates the cash book is the A. dividend received B. uncredited expenses C. uncredited cheques D. interest on lodgment
- A. dividend received
- B. uncredited expenses
- C. uncredited chequesCorrect
- D. interest on lodgment
Explanation
The uncredited cheques have already been added to the cash book but not yet recorded at the bank, causing a discrepancy.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.