Post Utme Oau 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company uses the cash book to record its transactions. The cash book shows a balance of ₦10,000. However, the bank statement shows a balance of ₦8,000. What is the reason for the difference?

Answer Options

A. The company has not recorded a deposit of ₦2,000.
B. The company has not recorded a withdrawal of ₦2,000.
Correct Answer C. The bank has charged a service fee of ₦2,000.
D. The company has not recorded a loan of ₦2,000.
Correct Answer
C
Correct Option:
The bank has charged a service fee of ₦2,000.

About This Question

This is Post Utme Oau 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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