Post Utme Bowen University 2018 Accounting Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company maintains a cash book and bank reconciliation statement. The cash book balance on December 31 is ₦500,000 and the bank statement balance on December 31 is ₦600,000. If the bank reconciliation statement shows a difference of ₦20,000, what is the reason for the difference?

Answer Options

Correct Answer A. Cheque deposited but not credited
B. Cheque issued but not presented
C. Bank charge not recorded
D. Interest earned on bank balance
Correct Answer
A
Correct Option:
Cheque deposited but not credited

About This Question

This is Post Utme Bowen University 2018 Accounting Question 19. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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