Post Utme Wellspring University 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦60,000. What is the likely reason for the discrepancy?

Answer Options

A. The company has not yet deposited the cash into the bank.
B. The company has not yet withdrawn the cash from the bank.
C. The bank has charged the company a service fee.
Correct Answer D. The company has made an error in its cash book.
Correct Answer
D
Correct Option:
The company has made an error in its cash book.

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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