Post Utme Aaua 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company has the following transactions in its cash book: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | 1,000 | | | 2 Jan | Cash | | 500 | | 3 Jan | Cash | | 1,500 | Prepare the bank reconciliation statement.

Answer Options

Correct Answer A. Bank Balance ₦ 1,500, Cash Balance ₦ 1,000
B. Bank Balance ₦ 1,000, Cash Balance ₦ 1,500
C. Bank Balance ₦ 500, Cash Balance ₦ 1,500
D. Bank Balance ₦ 1,500, Cash Balance ₦ 500
Correct Answer
A
Correct Option:
Bank Balance ₦ 1,500, Cash Balance ₦ 1,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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