Post Utme Bells University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Bells University Accounting examination.

Post Utme Bells University 2024 Accounting Objective / Multiple Choice

Question 22 POST_UTME_BELLS_UNIVERSITY • 2024 • ACCOUNTING • objective

A bank statement shows a balance of ₦20,000, but the company's cash book shows a balance of ₦15,000. What is the likely cause of this discrepancy?

Answer Options

A. The bank made an error in recording the transaction.

B. The company's bookkeeper made an error in recording the transaction.

Correct Answer C. The bank's statement was not properly reconciled with the company's cash book.

D. The company's accounting software malfunctioned.

Correct Answer

Correct Option:

The bank's statement was not properly reconciled with the company's cash book.

About This Question

This is Post Utme Bells University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Bells University Accounting examination.

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