Post Utme Eksu 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Eksu Accounting examination.

Post Utme Eksu 2023 Accounting Objective / Multiple Choice

Question 17 POST_UTME_EKSU • 2023 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦150,000. However, the company's cash book shows a balance of ₦200,000. What is the correct explanation for the difference?

A. The company has deposited ₦50,000 into the bank but has not yet been credited.

Correct Answer B. The company has withdrawn ₦50,000 from the bank but has not yet been debited.

C. The company has written a cheque for ₦50,000 but has not yet been debited.

D. The company has received a bank transfer of ₦50,000 but has not yet been credited.

Correct Answer

Correct Option:

The company has withdrawn ₦50,000 from the bank but has not yet been debited.

This is Post Utme Eksu 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Eksu Accounting examination.

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