Post Utme Mountain Top University 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2020 Accounting Objective / Multiple Choice

Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's bank statement shows a balance of 10,000. However, the company's cash book shows a balance of 8,000. What is the reason for the difference?

Answer Options

A. The bank has charged a fee for the month.

Correct Answer B. The company has deposited 2,000 into the bank but has not yet been credited.

C. The company has written a check for 2,000 but has not yet been debited.

D. The bank has made an error in its records.

Correct Answer

Correct Option:

The company has deposited 2,000 into the bank but has not yet been credited.

About This Question

This is Post Utme Mountain Top University 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Mountain Top University Accounting examination.

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