Post Utme Summit University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank statement balance. The company's accountant has informed you that the company has not made any errors in recording its cash transactions. What is the most likely explanation for the difference?

Answer Options

A. The bank has made an error in recording the company's transactions.
B. The company has not recorded a deposit made by a customer.
Correct Answer C. The company has not recorded a cheque that has been deposited by the bank.
D. The bank has charged a fee for a service provided to the company.
Correct Answer
C
Correct Option:
The company has not recorded a cheque that has been deposited by the bank.

About This Question

This is Post Utme Summit University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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