Post Utme Summit University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Summit University Accounting examination.

Post Utme Summit University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. Bank error
B. Cash book error
Correct Answer C. Both bank and cash book errors
D. Neither bank nor cash book errors
Correct Answer
C
Correct Option:
Both bank and cash book errors

About This Question

This is Post Utme Summit University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Summit University Accounting examination.

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