Post Utme Afe Babalola University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's bank reconciliation statement shows a discrepancy of ₦1,000. If the company's cash balance is ₦50,000 and the bank balance is ₦48,000, what is the cause of the discrepancy?

Answer Options

A. Bank error
B. Company error
C. Theft
Correct Answer D. Deposits in transit
Correct Answer
D
Correct Option:
Deposits in transit

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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