Post Utme Lead City University 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. The company has not recorded a bank overdraft.
B. The company has not recorded a bank loan.
Correct Answer C. The company's cash book is not up-to-date.
D. The bank has made an error in its statement.
Correct Answer
C
Correct Option:
The company's cash book is not up-to-date.

About This Question

This is Post Utme Lead City University 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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