Post Utme Futo 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

A company uses a cash book to record its transactions. The cash book shows a balance of ₦50,000. However, the company's bank statement shows a balance of ₦60,000. What is the reason for the difference?

Answer Options

A. The company has not recorded a deposit of ₦10,000
Correct Answer B. The company has not recorded a withdrawal of ₦10,000
C. The company has not recorded a bank charge of ₦10,000
D. The company has not recorded a bank interest of ₦10,000
Correct Answer
B
Correct Option:
The company has not recorded a withdrawal of ₦10,000

About This Question

This is Post Utme Futo 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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