Post Utme Christopher University 2021 Accounting Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2021 Accounting Objective / Multiple Choice

Question 3 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦100,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. The company has made a mistake in recording transactions

B. The bank has made a mistake in recording transactions

Correct Answer C. The company has deposited cash into the bank but has not yet been recorded

D. The company has withdrawn cash from the bank but has not yet been recorded

Correct Answer

Correct Option:

The company has deposited cash into the bank but has not yet been recorded

About This Question

This is Post Utme Christopher University 2021 Accounting Question 3. It is one of the objective questions from the 2021 Post Utme Christopher University Accounting examination.

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