Post Utme Achievers University 2017 Accounting Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2017 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's records and the bank's statement. The company's cash book shows a balance of ₦20,000, while the bank's statement shows a balance of ₦25,000. What is the reason for the difference?

Answer Options

A. Bank error
B. Company error
Correct Answer C. Both bank and company error
D. Neither bank nor company error
Correct Answer
C
Correct Option:
Both bank and company error

About This Question

This is Post Utme Achievers University 2017 Accounting Question 4. It is one of the objective questions from the 2017 Post Utme Achievers University Accounting examination.

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