Post Utme Achievers University 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice

Question 6 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. However, the bank statement shows a credit balance of ₦150,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has made an error in recording a transaction.

B. The bank has made an error in recording a transaction.

Correct Answer C. The company has deposited cash into the bank but has not recorded it in the cash book.

D. The company has withdrawn cash from the bank but has not recorded it in the cash book.

Correct Answer

Correct Option:

The company has deposited cash into the bank but has not recorded it in the cash book.

About This Question

This is Post Utme Achievers University 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

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