Post Utme Ims U 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company prepares a bank reconciliation statement. If the bank statement balance is ₦10,000 and the company's cash book balance is ₦12,000, what is the reason for the difference?

Answer Options

A. NSF charges
B. Deposits in transit
Correct Answer C. Checks outstanding
D. Bank errors
Correct Answer
C
Correct Option:
Checks outstanding

About This Question

This is Post Utme Ims U 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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