Post Utme Nile University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following discrepancies: Outstanding checks 1,000, Deposits in transit 2,000, and Bank errors 3,000. What is the net effect of these discrepancies on the company's cash balance?

Answer Options

Correct Answer A. ₦1,000
B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Nile University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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