Post Utme Bsu 2019 Accounting Question 3

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

Post Utme Bsu 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_BSU • 2019 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank's statement balance. The company's accounting records show that it has deposited ₦10,000 into the bank but has not yet recorded it. What is the correct journal entry to correct this error?

Answer Options

Correct Answer A. ₦10,000 debit to 'Cash' and ₦10,000 credit to 'Bank'
B. ₦5,000 debit to 'Cash' and ₦5,000 credit to 'Bank'
C. ₦10,000 credit to 'Cash' and ₦10,000 debit to 'Bank'
D. ₦5,000 credit to 'Cash' and ₦5,000 debit to 'Bank'
Correct Answer
A
Correct Option:
₦10,000 debit to 'Cash' and ₦10,000 credit to 'Bank'

About This Question

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

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