Post Utme Noun 2021 Accounting Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice
Question 20 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A company's cash book shows a balance of ₦300,000. The company's bank statement shows a balance of ₦320,000. What is the reason for the difference?

Answer Options

A. The company has a loan from a bank.
B. The company has made a deposit into a 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 a bank.
Correct Answer
C
Correct Option:
The company has written a cheque that has not yet been presented for payment.

About This Question

This is Post Utme Noun 2021 Accounting Question 20. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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