Post Utme Rsu 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger shows a balance of ₦100,000. However, the company's bank statement shows a balance of ₦80,000. What is the reason for the difference?

Answer Options

A. The company has not recorded all its cash transactions.
B. The bank has charged the company a fee.
Correct Answer C. The company has deposited cash into the bank but has not yet recorded it in the ledger.
D. The company has withdrawn cash from the bank but has not yet recorded it in the ledger.
Correct Answer
C
Correct Option:
The company has deposited cash into the bank but has not yet recorded it in the ledger.

About This Question

This is Post Utme Rsu 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Rsu Accounting examination.

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