Post Utme Afe Babalola University 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A company's cash flow statement shows a net increase in cash of 10 million. However, the company's balance sheet shows a decrease in cash of 5 million. What is the reason for this discrepancy?

Answer Options

A. Error in accounting
Correct Answer B. Cash inflows were not properly recorded
C. Cash outflows were not properly recorded
D. The company's accounting period ended on a non-cash transaction
Correct Answer
B
Correct Option:
Cash inflows were not properly recorded

About This Question

This is Post Utme Afe Babalola University 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.

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