Post Utme Elizade University 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. The company has deposited cash into the bank but has not yet been credited.
B. The company has written a cheque but has not yet been debited.
C. The bank has charged a fee for services rendered.
Correct Answer D. The company has made an error in its cash book.
Correct Answer
D
Correct Option:
The company has made an error in its cash book.

About This Question

This is Post Utme Elizade University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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