Post Utme Achievers University 2019 Accounting Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 8 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows the following transactions: ₦5,000 received from a customer ₦3,000 paid to a supplier ₦2,000 received from a bank ₦1,500 paid to an employee What is the correct bank reconciliation statement?

Answer Options

A. ₦5,000 Debit: Cash ₦3,000 Credit: Bank ₦2,000 Debit: Bank ₦1,500 Credit: Salary Expense
B. ₦5,000 Credit: Cash ₦3,000 Debit: Bank ₦2,000 Credit: Bank ₦1,500 Debit: Salary Expense
Correct Answer C. ₦5,000 Debit: Cash ₦3,000 Credit: Bank ₦2,000 Debit: Bank ₦1,500 Credit: Salary Expense
D. ₦5,000 Credit: Cash ₦3,000 Debit: Bank ₦2,000 Credit: Bank ₦1,500 Debit: Salary Expense
Correct Answer
C
Correct Option:
₦5,000 Debit: Cash ₦3,000 Credit: Bank ₦2,000 Debit: Bank ₦1,500 Credit: Salary Expense

About This Question

This is Post Utme Achievers University 2019 Accounting Question 8. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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