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.
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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 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.
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