Post Utme Pan Atlantic University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a balance of ₦500,000. The company's bank statement shows a balance of ₦550,000. What is the reason for the difference?

Answer Options

A. Bank charges
B. Interest earned
C. Deposits in transit
Correct Answer D. Cheques outstanding
Correct Answer
D
Correct Option:
Cheques outstanding

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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