Post Utme Caleb University 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

A. The company has not recorded a bank overdraft.
Correct Answer B. The bank has charged a fee for the overdraft.
C. The company has not recorded a bank loan.
D. The bank has credited the company's account incorrectly.
Correct Answer
B
Correct Option:
The bank has charged a fee for the overdraft.

About This Question

This is Post Utme Caleb University 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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