Post Utme Wellspring University 2025 Accounting Question 39

Practice objective / multiple choice question 39 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice

Question 39 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company maintains a cash book and bank reconciliation statement. If the cash book balance is ₦200,000 and the bank statement balance is ₦250,000, what is the reason for the difference?

Answer Options

A. The company has not recorded a deposit in the cash book

B. The bank has charged a fee for a service

Correct Answer C. The company has not recorded a withdrawal in the cash book

D. The bank has made an error in the statement

Correct Answer

Correct Option:

The company has not recorded a withdrawal in the cash book

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 39. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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