Post Utme Aaua 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Aaua Accounting examination.

Post Utme Aaua 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AAUA • 2022 • ACCOUNTING • objective

A bank's cash book shows a balance of ₦500,000. However, the bank statement shows a balance of ₦550,000. What is the reason for the difference?

Answer Options

A. Bank charges
B. Interest earned
C. Deposits in transit
Correct Answer D. Cheques deposited but not yet credited
Correct Answer
D
Correct Option:
Cheques deposited but not yet credited

About This Question

This is Post Utme Aaua 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Aaua Accounting examination.

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