Post Utme Achievers University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's bank statement as of December 31, 2020, shows a balance of ₦50,000. However, the company's cash book shows a balance of ₦60,000. What is the reason for the discrepancy?

Answer Options

A. The bank has charged a service fee.
B. The company has deposited a check that has not yet cleared.
Correct Answer C. The company has written a check that has not yet cleared.
D. The bank has credited an interest on the company's account.
Correct Answer
C
Correct Option:
The company has written a check that has not yet cleared.

About This Question

This is Post Utme Achievers University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

View More Post Utme Achievers University 2020 Accounting Questions More Post Utme Achievers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support