Post Utme Nile University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the cash book to record all its cash transactions. The cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the discrepancy?

Answer Options

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

About This Question

This is Post Utme Nile University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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