Post Utme Caleb University 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000 in the account 'Bank' and a credit balance of ₦10,000 in the account 'Cash'. The correct bank reconciliation statement is:

Answer Options

Correct Answer A. ₦5,000 debit to Bank and ₦5,000 credit to Cash
B. ₦5,000 debit to Cash and ₦5,000 credit to Bank
C. ₦15,000 debit to Bank and ₦10,000 credit to Cash
D. ₦10,000 debit to Cash and ₦15,000 credit to Bank
Correct Answer
A
Correct Option:
₦5,000 debit to Bank and ₦5,000 credit to Cash

About This Question

This is Post Utme Caleb University 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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