Post Utme Uniosun 2025 Accounting Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 6 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

A. The company has not recorded all its financial transactions.
Correct Answer B. The bank has charged a fee for the overdraft.
C. The company has not deposited all its cash into the bank.
D. The company has not recorded all its cash receipts.
Correct Answer
B
Correct Option:
The bank has charged a fee for the overdraft.

About This Question

This is Post Utme Uniosun 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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