Post Utme Noun 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice

Question 16 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦250,000. However, the bank statement shows a balance of ₦280,000. What is the reason for the difference?

A. The company has a loan from the bank.

B. The company has made a deposit into the bank.

Correct Answer C. The company has written a cheque that has not yet been presented for payment.

D. The company has a credit card account with the bank.

Correct Answer

Correct Option:

The company has written a cheque that has not yet been presented for payment.

This is Post Utme Noun 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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