Post Utme Nile University 2021 Accounting Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 32 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. The bank has charged a service fee of ₦10,000
Correct Answer B. The company has deposited ₦10,000 into the bank but has not yet been credited
C. The company has withdrawn ₦10,000 from the bank but has not yet been debited
D. The bank has made an error in its records
Correct Answer
B
Correct Option:
The company has deposited ₦10,000 into the bank but has not yet been credited

About This Question

This is Post Utme Nile University 2021 Accounting Question 32. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

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