Post Utme Skyline University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

A. The company has an outstanding deposit of ₦10,000
B. The company has an outstanding cheque of ₦10,000
Correct Answer C. The company has an overdraft of ₦10,000
D. The company has an outstanding credit of ₦10,000
Correct Answer
C
Correct Option:
The company has an overdraft of ₦10,000

About This Question

This is Post Utme Skyline University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Skyline University Accounting examination.

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