Post Utme Esut 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. The company's cash account in the ledger shows a credit balance of ₦150,000. What is the correct explanation for the discrepancy?

Answer Options

Correct Answer A. The company has a bank overdraft.
B. The company has a cash credit balance.
C. The company has a cash debit balance.
D. The company has a bank overdraft and a cash credit balance.
Correct Answer
A
Correct Option:
The company has a bank overdraft.

About This Question

This is Post Utme Esut 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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