Post Utme Afe Babalola University 2020 Accounting Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A bank's cash book shows a balance of ₦500,000. However, the bank statement shows a balance of ₦450,000. What is the reason for the difference?

Answer Options

A. The bank has made an error in its accounting records.
B. The customer has deposited ₦50,000 into their account.
C. The bank has charged a service fee of ₦50,000.
Correct Answer D. The bank has made an error in its bank reconciliation statement.
Correct Answer
D
Correct Option:
The bank has made an error in its bank reconciliation statement.

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 2. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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