Post Utme Lautech 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000. However, the company's 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 an outstanding cheque that has not been presented for payment.
B. The company has made a mistake in recording a debit transaction as a credit.
C. The company has an unrecorded credit transaction.
D. The company's bank has made an error in recording the company's transactions.
Correct Answer
A
Correct Option:
The company has an outstanding cheque that has not been presented for payment.

About This Question

This is Post Utme Lautech 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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