Post Utme Achievers University 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦10,000. However, the bank statement shows a balance of ₦15,000. Prepare the necessary bank reconciliation statement.

Answer Options

A. ₦5,000 debit to Bank, ₦5,000 credit to Cash
B. ₦10,000 credit to Bank, ₦5,000 debit to Cash
C. ₦5,000 credit to Bank, ₦10,000 debit to Cash
Correct Answer D. ₦5,000 debit to Bank, ₦10,000 credit to Cash
Correct Answer
D
Correct Option:
₦5,000 debit to Bank, ₦10,000 credit to Cash

About This Question

This is Post Utme Achievers University 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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