Post Utme Uniben 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Uniben Accounting examination.

Post Utme Uniben 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_UNIBEN • 2023 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following discrepancies: Bank statement balance ₦120,000, Cash book balance ₦150,000, and Outstanding cheques ₦10,000. What is the most likely reason for the discrepancy?

Answer Options

A. The company has not yet deposited the cash into its bank account.
B. The company has not yet received the cash from its customers.
C. The bank has charged the company's account for a service fee.
Correct Answer D. The company's accountant has made an error in recording the cash transactions.
Correct Answer
D
Correct Option:
The company's accountant has made an error in recording the cash transactions.

About This Question

This is Post Utme Uniben 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Uniben Accounting examination.

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