Post Utme Mountain Top University 2021 Accounting Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book showed a balance of ₦50,000. However, the bank statement showed a balance of ₦60,000. What is the reason for this discrepancy?

Answer Options

A. Bank charges
B. Interest on overdraft
Correct Answer C. Cheques deposited but not yet credited
D. Cheques issued but not yet debited
Correct Answer
C
Correct Option:
Cheques deposited but not yet credited

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 34. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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