Post Utme Bells University 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. The company has a loan outstanding.
B. The company has a credit balance in its bank account.
Correct Answer C. The company has a debit balance in its bank account.
D. The company has a difference in exchange rates.
Correct Answer
C
Correct Option:
The company has a debit balance in its bank account.

About This Question

This is Post Utme Bells University 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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