Post Utme Caleb University 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice

Question 1 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the most likely reason for the discrepancy?

Answer Options

A. The company has not yet received a payment from a customer.

Correct Answer B. The company has made an error in its cash book.

C. The bank has made an error in its statement.

D. The company has invested in a new asset.

Correct Answer

Correct Option:

The company has made an error in its cash book.

About This Question

This is Post Utme Caleb University 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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