Post Utme Unn 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice

Question 14 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦20,000. However, the bank statement shows a balance of ₦25,000. What is the likely reason for the discrepancy?

A. The company has an outstanding cheque.

B. The bank has charged a fee for an overdraft.

Correct Answer 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

Correct Option:

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

This is Post Utme Unn 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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