Post Utme Oau 2023 Accounting Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦10,000 in the 'Cash' account. However, the company's bank statement shows a debit balance of ₦5,000. What is the most likely explanation for this discrepancy?

Answer Options

A. The company has deposited cash into its bank account.
Correct Answer B. The company has withdrawn cash from its bank account.
C. The company has made a bank error.
D. The company has not recorded a bank transaction.
Correct Answer
B
Correct Option:
The company has withdrawn cash from its bank account.

About This Question

This is Post Utme Oau 2023 Accounting Question 33. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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