Post Utme Ims U 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000. The bank statement shows a credit balance of ₦20,000. The difference between the two balances is ₦5,000. What is the reason for this difference?

Answer Options

A. The company has not yet deposited the cash into the bank.
B. The company has not yet received the cash from the bank.
Correct Answer C. The company has written a cheque that has not yet been presented for payment.
D. The company has made an error in its cash book.
Correct Answer
C
Correct Option:
The company has written a cheque that has not yet been presented for payment.

About This Question

This is Post Utme Ims U 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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