Post Utme Lead City University 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the cash book to record all its cash transactions. The cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦100,000. What is the reason for the difference?

Answer Options

A. The company has not recorded all its cash transactions.
B. The bank has charged a fee for the month.
C. The company has deposited cash into the bank but has not yet recorded it.
Correct Answer D. The company has withdrawn cash from the bank but has not yet recorded it.
Correct Answer
D
Correct Option:
The company has withdrawn cash from the bank but has not yet recorded it.

About This Question

This is Post Utme Lead City University 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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