Post Utme Uniosun 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company uses the single entry system to record its financial transactions. The company's cash book shows a balance of ₦100,000. However, the company's ledger 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.
B. The company has not deposited all its cash into the bank.
C. The company has not recorded all its cash receipts.
Correct Answer D. The company has not recorded all its financial liabilities.
Correct Answer
D
Correct Option:
The company has not recorded all its financial liabilities.

About This Question

This is Post Utme Uniosun 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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