Post Utme Covenant University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. What is the reason for the difference?

Answer Options

A. ₦30,000 bank charge
B. ₦30,000 interest on bank loan
C. ₦30,000 cash deposited in error
Correct Answer D. ₦30,000 cash withdrawn in error
Correct Answer
D
Correct Option:
₦30,000 cash withdrawn in error

About This Question

This is Post Utme Covenant University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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