Post Utme Joseph Ayo Babalola University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has outstanding checks
B. The company has deposited cash into the bank but has not yet recorded it in the cash book
C. The company has written checks that have not yet been presented to the bank
D. The company has made an error in recording transactions in the cash book
Correct Answer
A
Correct Option:
The company has outstanding checks

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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