WAEC Accounting 2014 Objective — Question 8

Question 8 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.

Which of the following transactions will result in disagreement between the cash book and the bank statement?

A. Selling of goods on credit to a customer
B. Withdrawal of goods by the proprietor for his personal use
C. Cheque paid directly into the bank account by a customerCorrect
D. Omission of purchases received from a supplier on credit

Explanation

When a cheque is paid directly into the bank account by a customer and the cashier has not recorded it, it results in a disagreement between the cash book and bank statement.

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