Post Utme Bowen University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not recorded a deposit of ₦30,000.
B. The bank has charged a fee of ₦30,000.
Correct Answer C. The company has not recorded a withdrawal of ₦30,000.
D. The company has not recorded a loan of ₦30,000.
Correct Answer
C
Correct Option:
The company has not recorded a withdrawal of ₦30,000.

About This Question

This is Post Utme Bowen University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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