Post Utme Ksu 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Ksu Accounting examination.

Post Utme Ksu 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_KSU • 2025 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a balance of ₦150,000 on December 31, 2024. However, the bank statement shows a balance of ₦120,000 on the same date. What is the reason for the difference?

Answer Options

Correct Answer A. The company has outstanding checks that have not been cleared by the bank.
B. The company has deposited cash into the bank that has not been recorded in the cash book.
C. The company has written checks that have not been recorded in the cash book.
D. The bank has charged the company's account for bank fees.
Correct Answer
A
Correct Option:
The company has outstanding checks that have not been cleared by the bank.

About This Question

This is Post Utme Ksu 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Ksu Accounting examination.

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