Post Utme Christopher University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. The company has deposited more money than it has withdrawn.
Correct Answer B. The company has withdrawn more money than it has deposited.
C. The bank has made an error in its statement.
D. The company's cash book is not up-to-date.
Correct Answer
B
Correct Option:
The company has withdrawn more money than it has deposited.

About This Question

This is Post Utme Christopher University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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