Post Utme Bells University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Bells University Accounting examination.

Post Utme Bells University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦50,000 on December 31st. However, the bank statement shows a balance of ₦60,000 on the same date. What is the reason for the difference?

Answer Options

A. The company has a loan from the bank.
B. The company has a deposit in the bank.
Correct Answer C. The company has a cheque outstanding.
D. The company has a bank charge.
Correct Answer
C
Correct Option:
The company has a cheque outstanding.

About This Question

This is Post Utme Bells University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Bells University Accounting examination.

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