Post Utme Bowen University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice

Question 18 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has a cash book that shows a balance of ₦100,000. The bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. The company has deposited more cash than shown in the cash book

Correct Answer B. The company has withdrawn more cash than shown in the cash book

C. The bank has charged a fee for the overdraft

D. The company has received an interest on the overdraft

Correct Answer

Correct Option:

The company has withdrawn more cash than shown in the cash book

About This Question

This is Post Utme Bowen University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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