Post Utme Veritas University 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice

Question 11 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦15,000. However, the bank statement shows a debit balance of ₦20,000. What is the likely reason for this discrepancy?

Answer Options

A. The company has made an error in recording a transaction.

B. The bank has made an error in recording a transaction.

Correct Answer C. The company has deposited cash into the bank but has not yet been credited.

D. The company has withdrawn cash from the bank but has not yet been debited.

Correct Answer

Correct Option:

The company has deposited cash into the bank but has not yet been credited.

About This Question

This is Post Utme Veritas University 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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