Post Utme Eksu 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦10,000 between the company's cash book balance and the bank statement balance. The company's cash book balance is ₦50,000, and the bank statement balance is ₦60,000. Determine the cause of the difference.

Answer Options

A. Bank error
B. Company error
Correct Answer C. Both bank and company errors
D. Neither bank nor company error
Correct Answer
C
Correct Option:
Both bank and company errors

About This Question

This is Post Utme Eksu 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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