Post Utme Osustech 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. However, the bank statement shows a credit balance of ₦150,000. What is the correct explanation for this discrepancy?

Answer Options

Correct Answer A. The company has an outstanding cheque.
B. The company has deposited cash into the bank but has not yet been credited.
C. The company has an error in its cash book.
D. The company has an error in its bank statement.
Correct Answer
A
Correct Option:
The company has an outstanding cheque.

About This Question

This is Post Utme Osustech 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

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