Post Utme Osustech 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company has a control account for its cash account. The balance in the control account is ₦500,000, and the cash account balance is ₦600,000. What is the reason for the difference?

Answer Options

A. The control account is under-stated.
Correct Answer B. The control account is over-stated.
C. The cash account is under-stated.
D. The cash account is over-stated.
Correct Answer
B
Correct Option:
The control account is over-stated.

About This Question

This is Post Utme Osustech 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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