Post Utme Lautech 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Lautech Accounting examination.

Post Utme Lautech 2025 Accounting Objective / Multiple Choice

Question 29 POST_UTME_LAUTECH • 2025 • ACCOUNTING • objective

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

Answer Options

A. The company has an outstanding cheque that has not been presented for payment.

Correct Answer B. The company has deposited cash into the bank but the bank has not yet credited the account.

C. The company has withdrawn cash from the bank but the bank has not yet debited the account.

D. The company has made an error in recording the cash transactions.

Correct Answer

Correct Option:

The company has deposited cash into the bank but the bank has not yet credited the account.

About This Question

This is Post Utme Lautech 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Lautech Accounting examination.

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