Post Utme Babcock University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a debit balance of ₦120,000. However, the bank statement shows a credit balance of ₦150,000. What is the reason for the discrepancy?

Answer Options

A. The company has not recorded all its financial transactions.
B. The bank has made an error in its statement.
Correct Answer C. The company has not reconciled its cash book with the bank statement.
D. The company has not recorded all its cash transactions.
Correct Answer
C
Correct Option:
The company has not reconciled its cash book with the bank statement.

About This Question

This is Post Utme Babcock University 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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