Post Utme Uniben 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Uniben Accounting examination.

Post Utme Uniben 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIBEN • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the most likely reason for the discrepancy?

Answer Options

A. The company has not yet deposited the cash into the bank.
Correct Answer B. The bank has charged a fee for the overdraft.
C. The company has not yet received the cash from the customer.
D. The bank has made an error in the statement.
Correct Answer
B
Correct Option:
The bank has charged a fee for the overdraft.

About This Question

This is Post Utme Uniben 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Uniben Accounting examination.

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