Post Utme Noun 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Noun Accounting examination.

Post Utme Noun 2017 Accounting Objective / Multiple Choice

Question 20 POST_UTME_NOUN • 2017 • ACCOUNTING • objective

A public sector organization has a cash book that shows a balance of ₦250,000. However, the bank statement shows a balance of ₦280,000. What is the reason for this discrepancy?

A. The cash book balance is incorrect

B. The bank statement balance is incorrect

Correct Answer C. There is a bank overdraft

D. There is a difference in the exchange rates used

Correct Answer

Correct Option:

There is a bank overdraft

This is Post Utme Noun 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.

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