Post Utme Covenant University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2023 Accounting Objective / Multiple Choice
Question 6 POST_UTME_COVENANT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the cash book to record transactions. The cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦110,000. What is the reason for the difference?

Answer Options

A. The company has not recorded a deposit of ₦10,000.
Correct Answer B. The company has not recorded a withdrawal of ₦10,000.
C. The bank has charged a fee of ₦10,000.
D. The company has not recorded a loan of ₦10,000.
Correct Answer
B
Correct Option:
The company has not recorded a withdrawal of ₦10,000.

About This Question

This is Post Utme Covenant University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Covenant University Accounting examination.

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