Post Utme Unilorin 2018 Accounting Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2018 Accounting Objective / Multiple Choice
Question 26 POST_UTME_UNILORIN • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦100,000. The company's cash book also shows a debit balance of ₦30,000 in the 'Office Equipment' account. The bank statement shows a credit balance of ₦20,000 in the same account. What is the correct explanation for the discrepancy in the cash book and bank statement?

Answer Options

Correct Answer A. The company has not recorded a bank charge of ₦20,000.
B. The company has not recorded a cash receipt of ₦20,000.
C. The company has not recorded a cash payment of ₦10,000.
D. The company has not recorded a bank transfer of ₦10,000.
Correct Answer
A
Correct Option:
The company has not recorded a bank charge of ₦20,000.

About This Question

This is Post Utme Unilorin 2018 Accounting Question 26. It is one of the objective questions from the 2018 Post Utme Unilorin Accounting examination.

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