Post Utme Uniosun 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice

Question 21 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

Correct Answer A. The company has outstanding checks.

B. The company has deposited cash but not yet recorded in the cash book.

C. The company has written checks but not yet recorded in the cash book.

D. The bank has charged the company's account for bank fees.

Correct Answer

Correct Option:

The company has outstanding checks.

About This Question

This is Post Utme Uniosun 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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