Post Utme Joseph Ayo Babalola University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the bank reconciliation statement to reconcile the bank statement with the cash book. If the bank statement shows a balance of ₦20,000 and the cash book shows a balance of ₦15,000, what is the reason for the difference?

Answer Options

Correct Answer A. The bank has charged a fee of ₦5,000.
B. The company has deposited ₦5,000 into the bank.
C. The bank has credited an interest of ₦5,000.
D. The company has withdrawn ₦5,000 from the bank.
Correct Answer
A
Correct Option:
The bank has charged a fee of ₦5,000.

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

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