Post Utme Ims U 2018 Accounting Question 1

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

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦12,000, but the bank statement shows a balance of ₦15,000. What is the most likely reason for the discrepancy?

Answer Options

A. The company has an outstanding cheque.
B. The bank has charged a fee for an overdraft.
Correct Answer C. The company has deposited cash into the bank but has not yet recorded it in the cash book.
D. The company has withdrawn cash from the bank but has not yet recorded it in the cash book.
Correct Answer
C
Correct Option:
The company has deposited cash into the bank but has not yet recorded it in the cash book.

About This Question

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

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