Post Utme Lautech 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦25,000 in the cash account. However, the bank statement shows a debit balance of ₦15,000. What is the reason for the discrepancy?

Answer Options

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 recorded the cash deposited into the bank.
D. The bank has charged the company's account for bank charges.
Correct Answer
B
Correct Option:
The bank has not credited the company's account for the cash deposited.

About This Question

This is Post Utme Lautech 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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