Post Utme Al Hikmah University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦125,000. However, the bank statement shows a balance of ₦120,000. The company's bank reconciliation statement shows a difference of ₦5,000. What is the reason for this difference?

Answer Options

A. Bank charges
B. Interest on overdraft
Correct Answer C. Cheque returned unpaid
D. Incorrect bank statement
Correct Answer
C
Correct Option:
Cheque returned unpaid

About This Question

This is Post Utme Al Hikmah University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.

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