Post Utme Greenfield University 2021 Accounting Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2021 Accounting Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a balance of ₦50,000 in the cash account. However, the bank statement shows a balance of ₦60,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has not recorded a deposit of ₦10,000 in the cash book.
B. The company has not recorded a withdrawal of ₦10,000 in the cash book.
C. The bank has charged a service fee of ₦10,000.
D. The company has not recorded a loan of ₦10,000 in the cash book.
Correct Answer
A
Correct Option:
The company has not recorded a deposit of ₦10,000 in the cash book.

About This Question

This is Post Utme Greenfield University 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Greenfield University Accounting examination.

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