Post Utme Mountain Top University 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice
Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦120,000, while the general ledger shows a balance of ₦150,000. The bank statement shows a balance of ₦180,000. What is the reason for the discrepancy?

Answer Options

Correct Answer A. The company has not recorded a deposit of ₦60,000.
B. The company has not recorded a withdrawal of ₦30,000.
C. The bank has charged a fee of ₦10,000.
D. The company has not recorded a loan of ₦20,000.
Correct Answer
A
Correct Option:
The company has not recorded a deposit of ₦60,000.

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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