JAMB - Accounts Principles Of Accounts (2024 - No. 11)

The following are causes of discrepancies between the cash book and the bank statement balances except
errors
bank charges
standing order
bank deposit

Explanation

A bank deposit typically wouldn't cause a discrepancy; rather, it would lead to an increase in both the cash book and bank statement balances. Therefore, it is not a cause of discrepancies between the two balances.

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