NECO Accounting 2025 Objective — Question 11

Question 11 of 60 from the National Examinations Council (NECO) Accounting 2025 Objective paper, with the correct answer and a full explanation.

The following are causes of difference between the bank statement and cashbook balance, except

A. bank charges
B. credit transfer
C. presented cheque

Explanation

'Uncredited cheque' is not a standard banking term used for this purpose; the valid causes are bank charges, credit transfers, presented cheques and unpresented cheques.

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