Post Utme Igbinedion University 2024 Accounting Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a control account for its cash account. If the balance in the control account is ₦100,000 and the balance in the cash ledger account is ₦120,000, what is the reason for the difference?

Answer Options

Correct Answer A. The control account is not up-to-date
B. The cash ledger account has a debit balance
C. The control account has a credit balance
D. The cash ledger account has a credit balance
Correct Answer
A
Correct Option:
The control account is not up-to-date

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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