Post Utme Elizade University 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice

Question 1 POST_UTME_ELIZADE_UNIVERSITY • 2019 • 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 reason for the discrepancy?

Answer Options

A. The company has an overdraft facility.

B. The bank has charged a service fee.

Correct Answer C. The company has deposited cash but not yet credited to the bank statement.

D. The company has withdrawn cash but not yet debited from the bank statement.

Correct Answer

Correct Option:

The company has deposited cash but not yet credited to the bank statement.

About This Question

This is Post Utme Elizade University 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

View More Post Utme Elizade University 2019 Accounting Questions More Post Utme Elizade University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support