Post Utme Coal City University 2024 Accounting Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice

Question 6 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦180,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet deposited the cash into the bank.

Correct Answer B. The bank has not yet credited the company's account for the deposited cash.

C. The company has not yet paid the bank charges.

D. The company has not yet received the bank statement.

Correct Answer

Correct Option:

The bank has not yet credited the company's account for the deposited cash.

About This Question

This is Post Utme Coal City University 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Coal City University Accounting examination.

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