Post Utme Nile University 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦15,000 between the company's cash book balance and the bank statement balance. The company's cash book balance is ₦100,000, and the bank statement balance is ₦115,000. What is the reason for the difference?

Answer Options

A. Bank error
B. Company error
Correct Answer C. NSF cheque
D. Interest on bank deposit
Correct Answer
C
Correct Option:
NSF cheque

About This Question

This is Post Utme Nile University 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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