Post Utme Unn 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦45,000. What is the likely reason for the discrepancy?

Answer Options

Correct Answer A. The company has an outstanding cheque.
B. The bank has charged a fee for an overdraft.
C. The company has deposited cash but not yet recorded it in the cash book.
D. The company has an error in its cash book.
Correct Answer
A
Correct Option:
The company has an outstanding cheque.

About This Question

This is Post Utme Unn 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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