Post Utme Wellspring University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the cash book balance and the bank statement balance. The company's cash book balance is ₦20,000 and the bank statement balance is ₦25,000. What is the reason for the difference?

Answer Options

A. Bank error
B. Cash book error
Correct Answer C. Both bank and cash book errors
D. Neither bank nor cash book errors
Correct Answer
C
Correct Option:
Both bank and cash book errors

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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