Post Utme Mountain Top University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The cash book shows a balance of ₦80,000. However, the ledger shows a balance of ₦120,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not recorded a bank loan.
B. The company has not recorded a bank overdraft.
C. The company has not recorded a bank deposit.
Correct Answer D. The company has not recorded a bank withdrawal.
Correct Answer
D
Correct Option:
The company has not recorded a bank withdrawal.

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

View More Post Utme Mountain Top University 2024 Accounting Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support