Post Utme Rhema University 2022 Accounting Question 16

A company's cash book shows a balance of ₦150,000, but the bank statement shows a balance of ₦120,000. The difference is due to a discrepancy in the cash book. The company's accountant has identified the following transactions that may have caused the discrepancy: Transaction 1: A customer paid ₦20,000 by cheque, but the cheque was not deposited into the bank. Transaction 2: The company paid ₦15,000 to a supplier by cash, but the payment was not recorded in the cash book. Transaction 3: The company received ₦30,000 from a customer by bank transfer, but the transfer was not recorded in the cash book. Transaction 4: The company paid ₦25,000 to an employee by cheque, but the cheque was not deposited into the bank. Which of the following transactions is most likely to have caused the discrepancy in the cash book?