Post Utme Lasu 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Lasu Accounting examination.

Post Utme Lasu 2023 Accounting Objective / Multiple Choice

Question 9 POST_UTME_LASU • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦60,000. What is the reason for the difference?

A. The company has made a mistake in recording the cash transactions

B. The bank has made an error in preparing the statement

Correct Answer C. The company has deposited cash into the bank but has not yet been credited

D. The company has withdrawn cash from the bank but has not yet been debited

Correct Answer

Correct Option:

The company has deposited cash into the bank but has not yet been credited

This is Post Utme Lasu 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Lasu Accounting examination.

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