Post Utme Bsu 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Bsu Accounting examination.

Post Utme Bsu 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BSU • 2025 • ACCOUNTING • objective

A company uses the cash book method of accounting. The cash book shows a debit balance of ₦25,000. What is the correct journal entry to record the bank reconciliation statement?

Answer Options

A. Debit Cash ₦25,000, Credit Bank ₦25,000
Correct Answer B. Debit Bank ₦25,000, Credit Cash ₦25,000
C. Debit Cash ₦25,000, Credit Bank ₦25,000, Debit Profit and Loss Account ₦25,000
D. Debit Bank ₦25,000, Credit Cash ₦25,000, Credit Profit and Loss Account ₦25,000
Correct Answer
B
Correct Option:
Debit Bank ₦25,000, Credit Cash ₦25,000

About This Question

This is Post Utme Bsu 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Bsu Accounting examination.

View More Post Utme Bsu 2025 Accounting Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support