Post Utme Rhema University 2019 Accounting Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000. However, the company's cash book shows a balance of ₦60,000. What is the reason for the discrepancy?

Answer Options

A. Bank charges
B. Interest earned
C. Cheque returned
Correct Answer D. Deposit in transit
Correct Answer
D
Correct Option:
Deposit in transit

About This Question

This is Post Utme Rhema University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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