Post Utme Unilorin 2022 Accounting Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2022 Accounting Objective / Multiple Choice
Question 1 POST_UTME_UNILORIN • 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.
B. The bank has charged a service fee for the month.
C. The company has not yet received the cash from a customer.
Correct Answer D. The company has made an error in recording the cash transactions.
Correct Answer
D
Correct Option:
The company has made an error in recording the cash transactions.

About This Question

This is Post Utme Unilorin 2022 Accounting Question 1. It is one of the objective questions from the 2022 Post Utme Unilorin Accounting examination.

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