Post Utme Esut 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A company has a control account that shows a debit balance of ₦30,000 in the account 'Cash at Bank'. However, the company's accounting records show that the cash was actually withdrawn from the bank. What is the correct treatment of this error?

Answer Options

A. Debit the 'Cash at Bank' account and credit the 'Bank Overdraft' account
Correct Answer B. Debit the 'Bank Overdraft' account and credit the 'Cash at Bank' account
C. Debit the 'Cash at Bank' account and credit the 'Cash' account
D. Credit the 'Cash at Bank' account and debit the 'Cash' account
Correct Answer
B
Correct Option:
Debit the 'Bank Overdraft' account and credit the 'Cash at Bank' account

About This Question

This is Post Utme Esut 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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