Post Utme Noun 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 18 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A bank reconciled its cash book with its bank statement and found a difference of ₦50,000. The bank statement showed a balance of ₦200,000, while the cash book showed a balance of ₦150,000. What is the reason for the difference?

Answer Options

A. Cheque returned unpaid
Correct Answer B. Cheque deposited but not yet credited
C. Bank charged commission
D. Bank added interest
Correct Answer
B
Correct Option:
Cheque deposited but not yet credited

About This Question

This is Post Utme Noun 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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