Post Utme Madonna University 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a cash book that shows a balance of ₦500,000. However, the company's bank statement shows a balance of ₦600,000. What is the reason for the difference?

Answer Options

A. The company has a loan from the bank
B. The company has a deposit in the bank
Correct Answer C. The company has a cheque outstanding
D. The company has a credit note from the bank
Correct Answer
C
Correct Option:
The company has a cheque outstanding

About This Question

This is Post Utme Madonna University 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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