Post Utme Crawford University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice

Question 16 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦12,000. However, the bank statement shows a credit balance of ₦15,000. What is the correct explanation for this discrepancy?

Answer Options

Correct Answer A. The company has a bank overdraft.

B. The company has a cash credit.

C. The company has a bank loan.

D. The company has a cash debit.

Correct Answer

Correct Option:

The company has a bank overdraft.

About This Question

This is Post Utme Crawford University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

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