Post Utme Aaua 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's records and the bank's records. The company's records show a balance of ₦100,000, while the bank's records show a balance of ₦105,000. What is the reason for the difference?

Answer Options

A. NSF fee
Correct Answer B. Bank error
C. Company error
D. Interest on overdraft
Correct Answer
B
Correct Option:
Bank error

About This Question

This is Post Utme Aaua 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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