Post Utme Osustech 2020 Accounting Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 11 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦25,000. However, the bank statement shows a credit balance of ₦30,000. What is the correct explanation for this discrepancy?

Answer Options

Correct Answer A. The company has an outstanding cheque.
B. The bank has charged a fee for a service.
C. The company has deposited cash into the bank.
D. The company has withdrawn cash from the bank.
Correct Answer
A
Correct Option:
The company has an outstanding cheque.

About This Question

This is Post Utme Osustech 2020 Accounting Question 11. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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