Post Utme Bells University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦10,000, while the cash book shows a balance of ₦15,000. The bank statement also shows a debit of ₤10,000 for a cheque that has been dishonoured. What is the correct bank reconciliation statement?

Answer Options

A. Bank Overdraft ₤10,000, Cash in Hand ₤10,000
Correct Answer B. Bank Overdraft ₤10,000, Cash in Bank ₤10,000
C. Cash in Hand ₤10,000, Cash in Bank ₤10,000
D. Bank Overdraft ₤10,000, Bank Balance ₤10,000
Correct Answer
B
Correct Option:
Bank Overdraft ₤10,000, Cash in Bank ₤10,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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