Post Utme Elizade University 2023 Accounting Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 13 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. The difference between the two balances is ₦5,000. What is the reason for the difference?

Answer Options

A. Bank charges
Correct Answer B. Cheque returned unpaid
C. Interest on bank balance
D. Deposit in transit
Correct Answer
B
Correct Option:
Cheque returned unpaid

About This Question

This is Post Utme Elizade University 2023 Accounting Question 13. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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