Post Utme Bells University 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Bells University Accounting examination.

Post Utme Bells University 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_BELLS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦20,000 between the cash book balance and the bank statement balance. The difference is due to a bank error. What is the correct journal entry to record this transaction?

Answer Options

A. Debit Bank A/c ₦20,000, Credit Cash A/c ₦20,000
Correct Answer B. Debit Cash A/c ₦20,000, Credit Bank A/c ₦20,000
C. Debit Bank Error A/c ₦20,000, Credit Bank A/c ₦20,000
D. Debit Bank A/c ₦20,000, Credit Cash A/c ₦20,000, Debit Bank Error A/c ₦20,000
Correct Answer
B
Correct Option:
Debit Cash A/c ₦20,000, Credit Bank A/c ₦20,000

About This Question

This is Post Utme Bells University 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Bells University Accounting examination.

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