Post Utme Noun 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice

Question 2 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦60,000. What is the reason for the discrepancy?

A. The company has not recorded a transaction in the cash book

B. The bank has not credited the company's account

C. The company has not debited a transaction in the cash book

Correct Answer D. The bank has charged a fee on the company's account

Correct Answer

Correct Option:

The bank has charged a fee on the company's account

This is Post Utme Noun 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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