Post Utme Bowen University 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's incomplete records show a cash balance of ₦100,000. However, the company's financial statements show a cash balance of ₦50,000. What is the reason for this discrepancy?

Answer Options

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

About This Question

This is Post Utme Bowen University 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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