Post Utme Unilag 2020 Accounting Question 43

Practice objective / multiple choice question 43 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 43 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

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

Answer Options

A. Bank error
B. Cash book error
Correct Answer C. Deposits in transit
D. Withdrawals in transit
Correct Answer
C
Correct Option:
Deposits in transit

About This Question

This is Post Utme Unilag 2020 Accounting Question 43. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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