Post Utme Bowen University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦50,000. However, the bank statement shows a debit balance of ₦30,000. What is the reason for this discrepancy?

Answer Options

A. The company has not deposited the cash into the bank.
Correct Answer B. The company has not recorded a bank charge.
C. The company has not recorded a cash receipt.
D. The company has not recorded a cash payment.
Correct Answer
B
Correct Option:
The company has not recorded a bank charge.

About This Question

This is Post Utme Bowen University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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