Post Utme Lasu 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet received a bank statement.
B. The company has not yet deposited a cheque.
Correct Answer C. The company has not yet cleared a cheque.
D. The company has not yet received a credit note.
Correct Answer
C
Correct Option:
The company has not yet cleared a cheque.

About This Question

This is Post Utme Lasu 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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