Post Utme Caleb University 2021 Accounting Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 39 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦20,000, but the company's cash book shows a balance of ₦15,000. What is the likely reason for this discrepancy?

Answer Options

A. The company has not recorded a deposit in the cash book.
B. The company has not recorded a withdrawal in the cash book.
C. The company has recorded a deposit in the cash book but not yet matched it with the corresponding bank entry.
Correct Answer D. The company has recorded a withdrawal in the cash book but not yet matched it with the corresponding bank entry.
Correct Answer
D
Correct Option:
The company has recorded a withdrawal in the cash book but not yet matched it with the corresponding bank entry.

About This Question

This is Post Utme Caleb University 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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