Post Utme Afe Babalola University 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000, but its cash book shows a balance of ₦60,000. What is the reason for the difference?

Answer Options

A. Bank error
B. Cash book error
Correct Answer C. Deposits in transit
D. Checks outstanding
Correct Answer
C
Correct Option:
Deposits in transit

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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