Post Utme Covenant University 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_COVENANT_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 most likely reason for the discrepancy?

Answer Options

A. The company has made an error in recording a transaction.
Correct Answer B. The bank has made an error in recording a transaction.
C. The company has not yet received a payment from a customer.
D. The company has not yet paid a bill to a supplier.
Correct Answer
B
Correct Option:
The bank has made an error in recording a transaction.

About This Question

This is Post Utme Covenant University 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Covenant University Accounting examination.

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