Post Utme Ksu 2018 Accounting Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Ksu Accounting examination.

Post Utme Ksu 2018 Accounting Objective / Multiple Choice
Question 2 POST_UTME_KSU • 2018 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦1,500 between the cash book balance and the bank statement balance. The cash book balance is ₦20,000 and the bank statement balance is ₦21,500. What is the reason for this difference?

Answer Options

A. Bank interest
B. Bank charges
Correct Answer C. Cheque deposited but not yet credited
D. Cheque issued but not yet debited
Correct Answer
C
Correct Option:
Cheque deposited but not yet credited

About This Question

This is Post Utme Ksu 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Ksu Accounting examination.

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