Post Utme Ims U 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦80,000, but the company's cash book shows a balance of ₦70,000. What is the reason for the discrepancy?

Answer Options

A. The bank has charged a service fee of ₦10,000
B. The company has deposited ₦10,000 into the bank but has not yet been credited
Correct Answer C. The company has withdrawn ₦10,000 from the bank but has not yet been debited
D. The bank has credited an interest of ₦10,000 to the company's account
Correct Answer
C
Correct Option:
The company has withdrawn ₦10,000 from the bank but has not yet been debited

About This Question

This is Post Utme Ims U 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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