Post Utme Unn 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. However, the bank statement shows a credit balance of ₦150,000. What is the correct explanation for this discrepancy?

Answer Options

A. The company has a cash overdraft of ₦30,000.
B. The company has a bank loan of ₦30,000.
C. The company has a cash credit of ₦30,000.
Correct Answer D. The company has a bank overdraft of ₦30,000.
Correct Answer
D
Correct Option:
The company has a bank overdraft of ₦30,000.

About This Question

This is Post Utme Unn 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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