Post Utme Bsu 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_BSU • 2017 • ACCOUNTING • objective

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

Answer Options

A. The company has made a mistake in recording its cash transactions.
B. The bank has made an error in its statement.
Correct Answer C. The company has outstanding checks that have not been recorded in the cash book.
D. The company has deposited cash into the bank that has not been recorded in the cash book.
Correct Answer
C
Correct Option:
The company has outstanding checks that have not been recorded in the cash book.

About This Question

This is Post Utme Bsu 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

View More Post Utme Bsu 2017 Accounting Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support