Post Utme Al Hikmah University 2025 Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 30 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. The difference of ₦30,000 is due to a dishonored cheque of ₦20,000 and an outstanding deposit of ₦10,000. What is the correct journal entry to record the bank reconciliation?

Answer Options

A. Debit Cash ₦20,000, Credit Bank ₦20,000
B. Debit Bank ₦10,000, Credit Cash ₦10,000
C. Debit Cash ₦30,000, Credit Bank ₦30,000
Correct Answer D. Debit Bank ₦20,000, Credit Cash ₦20,000
Correct Answer
D
Correct Option:
Debit Bank ₦20,000, Credit Cash ₦20,000

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 30. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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