Post Utme Al Hikmah University 2021 Accounting Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2021 Accounting Objective / Multiple Choice
Question 36 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦120,000, while the company's cash book shows a balance of ₦150,000. The bank statement also shows a debit of ₦10,000 for a NSF check. What is the correct reconciliation entry?

Answer Options

A. ₦30,000 debit to Bank and ₦30,000 credit to Cash
Correct Answer B. ₦10,000 debit to Bank and ₦10,000 credit to Cash
C. ₦20,000 debit to Bank and ₦20,000 credit to Cash
D. ₦40,000 debit to Bank and ₦40,000 credit to Cash
Correct Answer
B
Correct Option:
₦10,000 debit to Bank and ₦10,000 credit to Cash

About This Question

This is Post Utme Al Hikmah University 2021 Accounting Question 36. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.

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