Post Utme Veritas University 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank statement showed a balance of ₠ 10,000. However, the company's cash book showed a balance of ₠ 12,000. What is the reason for the difference?

Answer Options

A. Bank charges
B. Interest on overdraft
Correct Answer C. Cheques issued but not yet presented
D. Cheques deposited but not yet credited
Correct Answer
C
Correct Option:
Cheques issued but not yet presented

About This Question

This is Post Utme Veritas University 2021 Accounting Question 23. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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