Post Utme Caleb University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦120,000, while the general ledger shows a balance of ₦150,000. The bank statement shows a balance of ₦180,000. What is the cause of the discrepancy?

Answer Options

A. The company has not recorded a bank overdraft.
B. The company has not recorded a bank deposit.
C. The company has not recorded a bank withdrawal.
Correct Answer D. The company has not recorded a bank reconciliation.
Correct Answer
D
Correct Option:
The company has not recorded a bank reconciliation.

About This Question

This is Post Utme Caleb University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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