Post Utme Abu 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice

Question 3 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company has a cash book and a bank reconciliation statement. If the cash book balance is ₦50,000 and the bank statement balance is ₦60,000, what is the reason for the difference?

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

B. The company has withdrawn cash from the bank but has not been debited yet

C. The bank has charged the company a fee for a service

D. The company has made a mistake in recording a transaction

Correct Answer

Correct Option:

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

This is Post Utme Abu 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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