Post Utme Unilorin 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 2021 • 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 likely cause of the discrepancy?

Answer Options

A. The company has deposited ₦30,000 into the bank.
B. The company has withdrawn ₦30,000 from the bank.
C. The bank has charged a service fee of ₦30,000.
Correct Answer D. The company has made a mistake in recording the transactions.
Correct Answer
D
Correct Option:
The company has made a mistake in recording the transactions.

About This Question

This is Post Utme Unilorin 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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