Post Utme Covenant University 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice

Question 21 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. The bank statement shows a credit balance of ₦150,000. The difference between the two balances is ₦30,000. What is the reason for this difference?

Answer Options

Correct Answer A. The company has outstanding cheques

B. The company has deposited cash into the bank

C. The company has withdrawn cash from the bank

D. The company has a bank overdraft

Correct Answer

Correct Option:

The company has outstanding cheques

About This Question

This is Post Utme Covenant University 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

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