Post Utme Bells University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company maintains the following cash book: Date | Particulars | Debit | Credit 31st Dec, 2022 | Cash | ₦ 50,000 | ₦ 20,000 31st Dec, 2022 | Bank | ₦ 20,000 | ₦ 50,000 31st Dec, 2022 | Debtors | ₦ 30,000 | ₦ 10,000 31st Dec, 2022 | Creditors | ₦ 10,000 | ₦ 30,000 Prepare the bank reconciliation statement.

Answer Options

Correct Answer A. Bank Balance ₦ 70,000, Cash Balance ₦ 20,000
B. Bank Balance ₦ 20,000, Cash Balance ₦ 70,000
C. Bank Balance ₦ 50,000, Cash Balance ₦ 20,000
D. Bank Balance ₦ 20,000, Cash Balance ₦ 50,000
Correct Answer
A
Correct Option:
Bank Balance ₦ 70,000, Cash Balance ₦ 20,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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