Post Utme Lasu 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Lasu Accounting examination.

Post Utme Lasu 2019 Accounting Objective / Multiple Choice

Question 25 POST_UTME_LASU • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦130,000. What is the most likely reason for the difference?

A. The company has deposited ₦10,000 into its bank account.

B. The company has written a cheque for ₦10,000.

Correct Answer C. The bank has charged a service fee of ₦10,000.

D. The company has received a credit of ₦10,000 from a customer.

Correct Answer

Correct Option:

The bank has charged a service fee of ₦10,000.

This is Post Utme Lasu 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Lasu Accounting examination.

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