Post Utme Futa 2018 Accounting Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Futa Accounting examination.

Post Utme Futa 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The difference is due to a discrepancy in the cash book. What is the most likely reason for this discrepancy?

Answer Options

A. The company has not recorded a deposit of ₦30,000.
Correct Answer B. The company has not recorded a withdrawal of ₦30,000.
C. The company has not recorded a sale of ₦30,000.
D. The company has not recorded a purchase of ₦30,000.
Correct Answer
B
Correct Option:
The company has not recorded a withdrawal of ₦30,000.

About This Question

This is Post Utme Futa 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Futa Accounting examination.

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