Post Utme Eksu 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000, but the company's cash book shows a balance of ₦60,000. What is the reason for the difference?

Answer Options

A. Bank error
B. Cash book error
Correct Answer C. Deposits in transit
D. Checks outstanding
Correct Answer
C
Correct Option:
Deposits in transit

About This Question

This is Post Utme Eksu 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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