Post Utme Caleb University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A bank reconciliation statement showed a difference of ₦1,500 between the bank statement balance and the cash book balance. The bank statement balance included an interest of ₦500 and a bank charge of ₦1,000. What will be the cause of the difference?

Answer Options

A. The bank statement balance included an interest of ₦500 and a bank charge of ₦1,000.
Correct Answer B. The cash book balance did not include an interest of ₦500 and a bank charge of ₦1,000.
C. The bank statement balance did not include an interest of ₦500 and a bank charge of ₦1,000.
D. The cash book balance included an interest of ₦500 and a bank charge of ₦1,000.
Correct Answer
B
Correct Option:
The cash book balance did not include an interest of ₦500 and a bank charge of ₦1,000.

About This Question

This is Post Utme Caleb University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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