Post Utme Christopher University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦150,000 on December 31, 2023, while the bank statement shows a balance of ₦120,000 on the same date. The bank statement also shows a debit of ₦30,000 for a dishonored check. What is the correct journal entry to reconcile the cash book and the bank statement?

Answer Options

A. Debit Cash ₦30,000, Credit Bank ₦30,000
Correct Answer B. Debit Bank ₦30,000, Credit Cash ₦30,000
C. Debit Cash ₦30,000, Credit Bank ₦30,000, Credit Cash ₦30,000
D. Debit Bank ₦30,000, Credit Cash ₦30,000, Debit Cash ₦30,000
Correct Answer
B
Correct Option:
Debit Bank ₦30,000, Credit Cash ₦30,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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