Post Utme Osustech 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Osustech Accounting examination.

Post Utme Osustech 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_OSUSTECH • 2017 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank statement balance. The company's cash book balance is ₦20,000, and the bank statement balance is ₦25,000. What is the reason for the difference?

Answer Options

A. Bank charge
B. Interest earned
Correct Answer C. Cheque deposited but not credited
D. Cheque issued but not presented
Correct Answer
C
Correct Option:
Cheque deposited but not credited

About This Question

This is Post Utme Osustech 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Osustech Accounting examination.

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