Post Utme Bells University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective
Post Utme Bells University 2017 Accounting Question 40 diagram

A company's cash book shows a balance of ₦200,000. However, the bank statement shows a balance of ₦250,000. What is the reason for this discrepancy?

Answer Options

Correct Answer A. The company has a bank overdraft of ₦50,000.
B. The company has a cash credit of ₦50,000.
C. The company has a bank loan of ₦50,000.
D. The company has a cash deposit of ₦50,000.
Correct Answer
A
Correct Option:
The company has a bank overdraft of ₦50,000.

About This Question

This is Post Utme Bells University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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