Post Utme Delsu 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Delsu Accounting examination.

Post Utme Delsu 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_DELSU • 2025 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash account shows a balance of ₦150,000. The company's bank statement shows a balance of ₦120,000. The difference between the two balances is ₦30,000. What is the most likely reason for this difference?

Answer Options

Correct Answer A. The company has outstanding checks.
B. The company has deposited cash into the bank but has not yet recorded it.
C. The company has written checks but has not yet recorded them.
D. The company has made an error in its accounting records.
Correct Answer
A
Correct Option:
The company has outstanding checks.

About This Question

This is Post Utme Delsu 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Delsu Accounting examination.

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