Post Utme Uniosun 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2019 Accounting Objective / Multiple Choice

Question 26 POST_UTME_UNIOSUN • 2019 • 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 ₦10,000. 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 that has not been credited to the cash account.

C. The company has paid a bill that has not been debited from the cash account.

D. The company has received a refund from a supplier that has not been credited to the cash account.

Correct Answer

Correct Option:

The company has an outstanding cheque that has not been presented for payment.

About This Question

This is Post Utme Uniosun 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Uniosun Accounting examination.

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