Post Utme Caleb University 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CALEB_UNIVERSITY • 2020 • ACCOUNTING • objective

A bank statement shows a balance of ₦50,000 on January 15, 2023. However, the company's cash book shows a balance of ₦60,000 on the same date. What is the reason for the difference?

Answer Options

A. The bank has charged a service fee of ₦10,000
B. The bank has credited an interest of ₦10,000
Correct Answer C. The bank has debited an NSF charge of ₦10,000
D. The bank has credited a deposit of ₦10,000
Correct Answer
C
Correct Option:
The bank has debited an NSF charge of ₦10,000

About This Question

This is Post Utme Caleb University 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Caleb University Accounting examination.

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