Post Utme Achievers University 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following discrepancies: a 1,000 overdraft, a 500 deposit in transit, and a 200 NSF check. What is the net effect of these discrepancies on the company's cash balance?

Answer Options

A. 300 decrease
Correct Answer B. 300 increase
C. 500 decrease
D. 500 increase
Correct Answer
B
Correct Option:
300 increase

About This Question

This is Post Utme Achievers University 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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