Post Utme Babcock University 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2021 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000. The bank statement shows a credit balance of ₦20,000. The difference between the two balances is ₦5,000. What is the reason for this difference?

Answer Options

A. The company has a loan from the bank.
B. The company has deposited cash into the bank.
Correct Answer C. The company has paid a bill through the bank.
D. The company has received a loan from a shareholder.
Correct Answer
C
Correct Option:
The company has paid a bill through the bank.

About This Question

This is Post Utme Babcock University 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Babcock University Accounting examination.

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