Post Utme Nile University 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦50,000 on December 31. However, the bank statement shows a balance of ₦60,000 on the same date. What is the reason for the difference?

Answer Options

A. The company has a loan from the bank.
Correct Answer B. The company has a deposit in the bank.
C. The company has a credit card balance.
D. The company has a debit card balance.
Correct Answer
B
Correct Option:
The company has a deposit in the bank.

About This Question

This is Post Utme Nile University 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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