Post Utme Nile University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. What is the reason for the difference?

Answer Options

A. The company has made a mistake in recording the cash transactions.
B. The bank has made a mistake in recording the cash transactions.
C. The company has deposited cash into the bank but has not recorded it.
Correct Answer D. The company has withdrawn cash from the bank but has not recorded it.
Correct Answer
D
Correct Option:
The company has withdrawn cash from the bank but has not recorded it.

About This Question

This is Post Utme Nile University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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