Post Utme Unilag 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company has the following bank reconciliation statement: Cash 10,000, Bank Statement Balance 12,000. What is the reason for the difference between the two amounts?

Answer Options

Correct Answer A. Bank error
B. Company error
C. Interest earned
D. Fees charged
Correct Answer
A
Correct Option:
Bank error

About This Question

This is Post Utme Unilag 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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