Post Utme Futo 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the reason for the difference?

Answer Options

A. The company has not yet received a payment from a customer.
B. The company has not yet paid a supplier.
Correct Answer C. The bank has charged a fee for the month.
D. The company has deposited cash into the bank.
Correct Answer
C
Correct Option:
The bank has charged a fee for the month.

About This Question

This is Post Utme Futo 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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