Post Utme Caleb University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦180,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet received the bank statement.
B. The bank has charged a fee for the overdraft.
Correct Answer C. The company has made an error in recording the transactions.
D. The bank has credited an incorrect amount to the company's account.
Correct Answer
C
Correct Option:
The company has made an error in recording the transactions.

About This Question

This is Post Utme Caleb University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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