Post Utme Esut 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦80,000. The company's cash book shows a balance of ₦90,000. What is the correct explanation for the discrepancy?

Answer Options

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

About This Question

This is Post Utme Esut 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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