Post Utme Bells University 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦110,000. The difference of ₦10,000 is due to a dishonored cheque. What is the correct journal entry to record this transaction?

Answer Options

A. Debit Cash A/c ₦10,000, Credit Bank A/c ₦10,000
Correct Answer B. Debit Bank A/c ₦10,000, Credit Cash A/c ₦10,000
C. Debit Dishonored Cheque A/c ₦10,000, Credit Bank A/c ₦10,000
D. Debit Bank A/c ₦10,000, Credit Cash A/c ₦10,000, Debit Dishonored Cheque A/c ₦10,000
Correct Answer
B
Correct Option:
Debit Bank A/c ₦10,000, Credit Cash A/c ₦10,000

About This Question

This is Post Utme Bells University 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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