Post Utme Oau 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Oau Accounting examination.

Post Utme Oau 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_OAU • 2020 • 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 reason for the discrepancy?

Answer Options

A. Bank charges
Correct Answer B. Cheque returned unpaid
C. Error in cash book
D. Error in bank statement
Correct Answer
B
Correct Option:
Cheque returned unpaid

About This Question

This is Post Utme Oau 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Oau Accounting examination.

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