Post Utme Afe Babalola University 2025 Accounting Question 42

Practice objective / multiple choice question 42 from the 2025 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2025 Accounting Objective / Multiple Choice

Question 42 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦20,000. The company's bank statement shows a credit balance of ₦25,000. What is the correct journal entry to record the difference?

Answer Options

A. ₦5,000 debit to Profit and Loss Account

B. ₦5,000 credit to Profit and Loss Account

C. ₦5,000 debit to Cash Account

Correct Answer D. ₦5,000 credit to Cash Account

Correct Answer

Correct Option:

₦5,000 credit to Cash Account

About This Question

This is Post Utme Afe Babalola University 2025 Accounting Question 42. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Accounting examination.

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