Post Utme Futa 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Futa Accounting examination.

Post Utme Futa 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_FUTA • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦250,000. However, the bank statement shows a balance of ₦300,000. The difference is due to a discrepancy of ₦50,000. What is the reason for this discrepancy?

Answer Options

A. The company has not yet deposited the cash into the bank.
Correct Answer B. The bank has not yet credited the company's account for the cash deposited.
C. The company has not yet paid a cheque that has been presented to the bank.
D. The bank has charged a fee for the cash deposited.
Correct Answer
B
Correct Option:
The bank has not yet credited the company's account for the cash deposited.

About This Question

This is Post Utme Futa 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Futa Accounting examination.

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