Post Utme Caleb University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a control account for its cash account, which shows a balance of ₦50,000. The cash book shows a balance of ₦60,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet received the cash book.
B. The cash book has been incorrectly balanced.
C. The company has made an error in recording the transactions.
Correct Answer D. The cash account has been incorrectly posted to the control account.
Correct Answer
D
Correct Option:
The cash account has been incorrectly posted to the control account.

About This Question

This is Post Utme Caleb University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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