Post Utme Christopher University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. The company has made a deposit of ₦20,000
B. The company has made a withdrawal of ₦20,000
Correct Answer C. The bank has charged a fee of ₦20,000
D. The company has made a payment of ₦20,000
Correct Answer
C
Correct Option:
The bank has charged a fee of ₦20,000

About This Question

This is Post Utme Christopher University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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