Post Utme Oau 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. The bank statement shows a balance of ₦150,000. The difference between the two balances is ₦30,000. What is the reason for this difference?

Answer Options

A. Bank charges
B. Interest on overdraft
Correct Answer C. Cheques deposited but not yet credited
D. Cheques issued but not yet debited
Correct Answer
C
Correct Option:
Cheques deposited but not yet credited

About This Question

This is Post Utme Oau 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

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