Post Utme Veritas University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦150,000, while the general ledger shows a balance of ₦200,000. The bank statement shows a balance of ₦180,000. What is the cause of the discrepancy?

Answer Options

A. The company has not recorded a deposit of ₦30,000.
Correct Answer B. The company has not recorded a withdrawal of ₦30,000.
C. The bank has charged a service fee of ₦30,000.
D. The company has not recorded a loan of ₦30,000.
Correct Answer
B
Correct Option:
The company has not recorded a withdrawal of ₦30,000.

About This Question

This is Post Utme Veritas University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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