Post Utme Afe Babalola University 2017 Accounting Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 35 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank statement balance. The company's cash book balance is ₦100,000, while the bank statement balance is ₦105,000. What is the reason for this difference?

Answer Options

A. NSF (Non-Sufficient Funds) charge
Correct Answer B. Bank error
C. Company error
D. Interest earned on deposit
Correct Answer
B
Correct Option:
Bank error

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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