Post Utme Elizade University 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the cash book balance and the bank statement balance. What is the reason for the discrepancy?

Answer Options

A. The company has deposited cash into the bank but has not yet been credited.
B. The company has written a cheque but has not yet been debited.
C. The bank has charged a fee for services rendered.
Correct Answer D. The company has made an error in its cash book.
Correct Answer
D
Correct Option:
The company has made an error in its cash book.

About This Question

This is Post Utme Elizade University 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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