Post Utme Al Hikmah University 2021 Accounting Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦110,000. The difference is due to a discrepancy in the cash book. What is the most likely reason for this discrepancy?

Answer Options

Correct Answer A. The cash book has not been updated to reflect the latest bank statement.
B. The bank has charged a fee for a service rendered.
C. The company has not recorded a deposit in the cash book.
D. The cash book has been incorrectly balanced.
Correct Answer
A
Correct Option:
The cash book has not been updated to reflect the latest bank statement.

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 17. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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