Post Utme Veritas University 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_VERITAS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦180,000. What is the reason for the difference?

Answer Options

A. Bank charges
B. Interest earned
Correct Answer C. Unrecorded cash transactions
D. Error in bank statement
Correct Answer
C
Correct Option:
Unrecorded cash transactions

About This Question

This is Post Utme Veritas University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Veritas University Accounting examination.

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