Post Utme Ksu 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Ksu Accounting examination.

Post Utme Ksu 2024 Accounting Objective / Multiple Choice

Question 22 POST_UTME_KSU • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦1,500,000. However, the bank statement shows a balance of ₦1,800,000. What is the reason for the discrepancy?

A. The company has not deposited the cash into the bank

Correct Answer B. The bank has not credited the company's account for the cash deposited

C. The company has not debited the cash from the bank

D. The bank has charged a fee for the cash deposited

Correct Answer

Correct Option:

The bank has not credited the company's account for the cash deposited

This is Post Utme Ksu 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Ksu Accounting examination.

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