Post Utme Lead City University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦130,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet deposited the cash into the bank.
Correct Answer B. The bank has not yet credited the company's account for the deposited cash.
C. The company has not yet debited the cash from the bank account.
D. The company has not yet recorded the cash transaction in the cash book.
Correct Answer
B
Correct Option:
The bank has not yet credited the company's account for the deposited cash.

About This Question

This is Post Utme Lead City University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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