Post Utme Oau 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_OAU • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The bank reconciliation statement shows a difference of ₦20,000. What is the cause of this difference?

Answer Options

A. Bank error
B. Company error
Correct Answer C. Cheque not yet cleared
D. Deposit not yet credited
Correct Answer
C
Correct Option:
Cheque not yet cleared

About This Question

This is Post Utme Oau 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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