Post Utme Oau 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Oau Accounting examination.

Post Utme Oau 2022 Accounting Objective / Multiple Choice

Question 6 POST_UTME_OAU • 2022 • 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?

A. The company has deposited cash into the bank but has not yet been recorded.

Correct Answer B. The company has written a cheque but has not yet been presented for payment.

C. The company has received a bank transfer but has not yet been recorded.

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

Correct Answer

Correct Option:

The company has written a cheque but has not yet been presented for payment.

This is Post Utme Oau 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Oau Accounting examination.

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