Post Utme Achievers University 2019 Accounting Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A bank statement shows a balance of ₦50,000, but the cash book shows a balance of ₦60,000. The bank statement also shows a debit of ₦10,000 for 'Bank Charges' and a credit of ₦5,000 for 'Interest Received'. What is the correct reconciliation?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 27. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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