Post Utme Crawford University 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. The company has an outstanding cheque that has not been presented to the bank.
B. The company has deposited cash into the bank but the bank has not yet credited the account.
C. The company has withdrawn cash from the bank but the bank has not yet debited the account.
D. The company has an error in its cash book.
Correct Answer
A
Correct Option:
The company has an outstanding cheque that has not been presented to the bank.

About This Question

This is Post Utme Crawford University 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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