Post Utme Rhema University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦1,500,000. However, the bank statement shows a credit balance of ₦1,800,000. What is the reason for the discrepancy?

Answer Options

A. The company has not recorded a bank overdraft.
B. The company has not recorded a bank loan.
Correct Answer C. The company has not recorded a bank reconciliation statement.
D. The company has not recorded a cash sale.
Correct Answer
C
Correct Option:
The company has not recorded a bank reconciliation statement.

About This Question

This is Post Utme Rhema University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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