Post Utme Uniport 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Uniport Accounting examination.

Post Utme Uniport 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2024 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. The bank statement shows a credit balance of ₦150,000. The difference between the cash book balance and the bank statement balance is ₦30,000. What is the reason for this difference?

Answer Options

A. The company has made a payment to a supplier.
B. The company has received a payment from a customer.
C. The company has deposited cash into the bank.
Correct Answer D. The company has withdrawn cash from the bank.
Correct Answer
D
Correct Option:
The company has withdrawn cash from the bank.

About This Question

This is Post Utme Uniport 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.

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