Post Utme Osustech 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Osustech Accounting examination.

Post Utme Osustech 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2025 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦15,000 in the cash account. However, the bank statement shows a debit balance of ₦20,000. What is the correct explanation for this discrepancy?

Answer Options

Correct Answer A. The company has an outstanding cheque that has not been presented for payment.
B. The company has deposited cash into the bank but the bank has not yet credited the account.
C. The company has written a cheque that has been dishonoured by the bank.
D. The company has made an error in recording the cash transactions.
Correct Answer
A
Correct Option:
The company has an outstanding cheque that has not been presented for payment.

About This Question

This is Post Utme Osustech 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Osustech Accounting examination.

View More Post Utme Osustech 2025 Accounting Questions More Post Utme Osustech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support