Post Utme Lead City University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice

Question 7 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦60,000. The company's accountant has identified the following transactions as possible causes of the discrepancy:

Answer Options

A. Deposited ₦10,000 into the bank account

Correct Answer B. Withdrawn ₦10,000 from the bank account

C. Deposited ₦20,000 into the bank account

D. Withdrawn ₦20,000 from the bank account

Correct Answer

Correct Option:

Withdrawn ₦10,000 from the bank account

About This Question

This is Post Utme Lead City University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

View More Post Utme Lead City University 2019 Accounting Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support