Post Utme Caleb University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has a cash book that 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 cash into the bank.
Correct Answer B. The company has withdrawn cash from the bank.
C. The company has made a mistake in the cash book.
D. The company has made a mistake in the bank statement.
Correct Answer
B
Correct Option:
The company has withdrawn cash from the bank.

About This Question

This is Post Utme Caleb University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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