Post Utme Bowen University 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's cash book shows a balance of ₦100,000. However, the company's bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. The company has deposited ₦20,000 into the bank.
Correct Answer B. The company has withdrawn ₦20,000 from the bank.
C. The bank has charged the company a fee of ₦20,000.
D. The company has received a credit of ₦20,000 from the bank.
Correct Answer
B
Correct Option:
The company has withdrawn ₦20,000 from the bank.

About This Question

This is Post Utme Bowen University 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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