Post Utme Caleb University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦10,000. However, the company's bank statement shows a debit balance of ₦5,000. What is the reason for the discrepancy?

Answer Options

A. Bank charges
B. Cheque returned unpaid
Correct Answer C. Deposit in transit
D. Incorrect bank statement
Correct Answer
C
Correct Option:
Deposit in transit

About This Question

This is Post Utme Caleb University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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