Post Utme Esut 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice

Question 29 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company's bank statement as at December 31, 2023, shows a balance of ₦150,000. The company's cash book shows a balance of ₦180,000. Identify the reason for the difference.

A. The bank statement balance is ₦30,000 less than the cash book balance.

Correct Answer B. The cash book balance is ₦30,000 more than the bank statement balance.

C. The bank statement balance is ₦30,000 more than the cash book balance.

D. The cash book balance is ₦30,000 less than the bank statement balance.

Correct Answer

Correct Option:

The cash book balance is ₦30,000 more than the bank statement balance.

This is Post Utme Esut 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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