Post Utme Esut 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company has a cash book account with a debit balance of ₦15,000. The bank statement shows a credit balance of ₦20,000. The cash book also shows a credit balance of ₦5,000 in the 'Bank' account. What is the correct explanation for the discrepancy?

Answer Options

Correct Answer A. The company has an outstanding cheque.
B. The company has deposited cash into the bank but not yet recorded in the cash book.
C. The company has a loan from the bank that has not been recorded in the cash book.
D. The company has a credit note from the bank that has not been recorded in the cash book.
Correct Answer
A
Correct Option:
The company has an outstanding cheque.

About This Question

This is Post Utme Esut 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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