Post Utme Achievers University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦10,000 in the cash account. However, the bank statement shows a balance of ₦12,000. What is the reason for the difference?

Answer Options

A. The company has a loan from the bank
Correct Answer B. The company has a deposit in the bank
C. The company has a credit card account
D. The company has a difference in the exchange rate
Correct Answer
B
Correct Option:
The company has a deposit in the bank

About This Question

This is Post Utme Achievers University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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