Post Utme Skyline University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000. However, the company's cash book shows a balance of ₦60,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has deposited ₦10,000 into the bank but has not been credited yet.
Correct Answer B. The company has written a cheque for ₦10,000 but has not been debited yet.
C. The company has received a bank transfer of ₦10,000 but has not been credited yet.
D. The company has paid a bank charge of ₦10,000 but has not been debited yet.
Correct Answer
B
Correct Option:
The company has written a cheque for ₦10,000 but has not been debited yet.

About This Question

This is Post Utme Skyline University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Skyline University Accounting examination.

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