Post Utme Noun 2024 Accounting Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 1 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦110,000. What is the most likely reason for the discrepancy?

Answer Options

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

About This Question

This is Post Utme Noun 2024 Accounting Question 1. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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