Post Utme Covenant University 2023 Accounting Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company prepares a bank reconciliation statement. The bank statement shows a balance of ₦150,000. However, the company's records show that the cash balance is actually ₦120,000. What is the reason for the difference?

Answer Options

A. The company has not recorded a deposit of ₦30,000.
Correct Answer B. The company has not recorded a withdrawal of ₦30,000.
C. The bank has charged a fee of ₦30,000.
D. The company has not recorded a loan of ₦30,000.
Correct Answer
B
Correct Option:
The company has not recorded a withdrawal of ₦30,000.

About This Question

This is Post Utme Covenant University 2023 Accounting Question 10. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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