Post Utme Unilorin 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UNILORIN • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦250,000. However, the bank statement shows a balance of ₦280,000. What is the reason for the discrepancy?

Answer Options

A. The company has deposited ₦30,000 into the bank
Correct Answer B. The company has withdrawn ₦30,000 from the bank
C. The bank has charged a fee of ₦30,000
D. The company has received a cheque that has not yet been deposited
Correct Answer
B
Correct Option:
The company has withdrawn ₦30,000 from the bank

About This Question

This is Post Utme Unilorin 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Unilorin Accounting examination.

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