Post Utme Ksu 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_KSU • 2017 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. The company has a bank overdraft.
B. The bank has made an error in its statement.
C. The company has a cash credit balance.
D. The company has a bank loan.
Correct Answer
A
Correct Option:
The company has a bank overdraft.

About This Question

This is Post Utme Ksu 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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