Post Utme Unilorin 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2025 • ACCOUNTING • objective

A company's cash book shows a balance of ₦250,000. However, the bank statement shows a balance of ₦280,000. What is the 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 not yet credited the company's account for the deposited cash.
C. The company has not yet debited the bank for the withdrawn cash.
D. The company's cash book is not up-to-date.
Correct Answer
B
Correct Option:
The bank has not yet credited the company's account for the deposited cash.

About This Question

This is Post Utme Unilorin 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.

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