Post Utme Coal City University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. The company has an outstanding cheque.
B. The bank has charged a fee for an overdraft.
C. The company has deposited cash but not yet credited to the bank statement.
D. The company has an unrecorded bank loan.
Correct Answer
A
Correct Option:
The company has an outstanding cheque.

About This Question

This is Post Utme Coal City University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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