Post Utme Ims U 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Ims U Accounting examination.

Post Utme Ims U 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2023 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦20,000. The company's bank statement shows a credit balance of ₦15,000. What is the reason for the discrepancy?

Answer Options

Correct Answer A. The company has not recorded a deposit of ₦5,000
B. The company has not recorded a withdrawal of ₦5,000
C. The bank has charged a fee of ₦5,000
D. The company has not reconciled the bank statement
Correct Answer
A
Correct Option:
The company has not recorded a deposit of ₦5,000

About This Question

This is Post Utme Ims U 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Ims U Accounting examination.

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