Post Utme Babcock University 2019 Accounting Question 4
Practice objective / multiple choice question 4 from the 2019 Post Utme Babcock University Accounting examination.
A company has a cash book balance of ₦80,000 and a bank statement balance of ₦60,000. The bank statement shows a debit balance of ₦5,000 for an outstanding cheque. What is the correct journal entry to reconcile the two balances?
Answer Options
About This Question
This is Post Utme Babcock University 2019 Accounting Question 4. It is one of the objective questions from the 2019 Post Utme Babcock University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.