Post Utme Pan Atlantic University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book and bank statement are reconciled as follows: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | 10,000 | | | 2 Jan | Bank | | 10,000 | | 3 Jan | Cash | 5,000 | | | 4 Jan | Bank | | 5,000 | What is the reason for the difference between the cash book and bank statement balances?

Answer Options

A. Bank charges
B. Interest earned
C. Deposits in transit
Correct Answer D. Cheques issued but not yet presented
Correct Answer
D
Correct Option:
Cheques issued but not yet presented

About This Question

This is Post Utme Pan Atlantic University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Accounting examination.

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