Post Utme Uniben 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Uniben Accounting examination.

Post Utme Uniben 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2019 • ACCOUNTING • objective

A bank reconciliation statement shows a difference of 1,000 between the bank's statement and the business's records. The business's records show a balance of 10,000, while the bank's statement shows a balance of 9,000. What is the reason for the difference?

Answer Options

A. Bank's error
B. Business's error
Correct Answer C. NSF cheque
D. Interest on overdraft
Correct Answer
C
Correct Option:
NSF cheque

About This Question

This is Post Utme Uniben 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Uniben Accounting examination.

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