Post Utme Elizade University 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦15,000, while the bank statement shows a debit balance of ₦10,000. The bank reconciliation statement shows a difference of ₦5,000. What is the reason for this difference?

Answer Options

A. Bank charges
B. Interest on overdraft
C. Unrecorded deposit
Correct Answer D. Unrecorded withdrawal
Correct Answer
D
Correct Option:
Unrecorded withdrawal

About This Question

This is Post Utme Elizade University 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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