Post Utme Aaua 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice

Question 11 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for this discrepancy?

A. The company has outstanding checks

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

C. The company has deposited cash but not yet recorded it

D. The company has written a check but not yet recorded it

Correct Answer

Correct Option:

The bank has charged a fee for an overdraft

This is Post Utme Aaua 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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