Post Utme Noun 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Noun Accounting examination.

Post Utme Noun 2017 Accounting Objective / Multiple Choice

Question 22 POST_UTME_NOUN • 2017 • ACCOUNTING • objective

A company has a cash book that shows a balance of ₦150,000. However, the bank statement shows a balance of ₦180,000. 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 22. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.

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