Post Utme Bells University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000 while the company's cash book shows a balance of ₦60,000. The bank statement also shows a debit of ₦10,000 for a cheque that was returned unpaid. What is the correct bank reconciliation statement?

Answer Options

Correct Answer A. ₦50,000 (Bank) + ₦10,000 (returned cheque) = ₦60,000
B. ₦50,000 (Bank) - ₦10,000 (returned cheque) = ₦40,000
C. ₦60,000 (Cash Book) - ₦10,000 (returned cheque) = ₦50,000
D. ₦60,000 (Cash Book) + ₦10,000 (returned cheque) = ₦70,000
Correct Answer
A
Correct Option:
₦50,000 (Bank) + ₦10,000 (returned cheque) = ₦60,000

About This Question

This is Post Utme Bells University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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