Post Utme Aaua 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash book shows a balance of ₦120,000. The company's bank statement shows a balance of ₦150,000. What is the correct explanation for the discrepancy?

Answer Options

Correct Answer A. The company has not yet recorded a deposit of ₦30,000.
B. The company has not yet recorded a withdrawal of ₦20,000.
C. The company has not yet recorded a bank charge of ₦10,000.
D. The company has not yet recorded a loan of ₦5,000.
Correct Answer
A
Correct Option:
The company has not yet recorded a deposit of ₦30,000.

About This Question

This is Post Utme Aaua 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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