Post Utme Rhema University 2022 Accounting Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 28 POST_UTME_RHEMA_UNIVERSITY • 2022 • 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

A. The company has a bank overdraft.
B. The company has a cash credit balance.
C. The company has a bank overdraft and a cash credit balance.
Correct Answer D. The company has a bank overdraft and a cash debit balance.
Correct Answer
D
Correct Option:
The company has a bank overdraft and a cash debit balance.

About This Question

This is Post Utme Rhema University 2022 Accounting Question 28. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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