Post Utme Uniport 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Uniport Accounting examination.

Post Utme Uniport 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_UNIPORT • 2022 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. The company has deposited ₦10,000 into the bank but has not yet been credited.
B. The company has written a cheque for ₦10,000 but has not yet been debited.
C. The company has received a bank transfer of ₦10,000 but has not yet been credited.
D. The company has made a cash withdrawal of ₦10,000 but has not yet been debited.
Correct Answer
A
Correct Option:
The company has deposited ₦10,000 into the bank but has not yet been credited.

About This Question

This is Post Utme Uniport 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Uniport Accounting examination.

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