Post Utme Aaua 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000. However, the bank statement shows a credit balance of ₦20,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has an outstanding deposit with the bank.
Correct Answer B. The company has an outstanding cheque in the bank.
C. The company has an error in its cash book.
D. The company has an error in its bank statement.
Correct Answer
B
Correct Option:
The company has an outstanding cheque in the bank.

About This Question

This is Post Utme Aaua 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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