Post Utme Babcock University 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_BABCOCK_UNIVERSITY • 2018 • 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 ₦130,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has not recorded a deposit of ₦10,000.
B. The company has not recorded a withdrawal of ₦10,000.
C. The bank has charged a fee of ₦10,000.
D. The company has not recorded a loan of ₦10,000.
Correct Answer
A
Correct Option:
The company has not recorded a deposit of ₦10,000.

About This Question

This is Post Utme Babcock University 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.

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