Post Utme Babcock University 2024 Accounting Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 39 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following bank reconciliation statement: Bank balance: ₦50,000, Cash balance: ₦60,000. What is the reason for the difference in the two balances?

Answer Options

A. The company has not recorded all its transactions.
B. The company has recorded some transactions incorrectly.
Correct Answer C. The company has not updated its bank reconciliation statement to reflect the current balance.
D. The company has not prepared a bank reconciliation statement.
Correct Answer
C
Correct Option:
The company has not updated its bank reconciliation statement to reflect the current balance.

About This Question

This is Post Utme Babcock University 2024 Accounting Question 39. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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