Post Utme Coal City University 2018 Accounting Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 5 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company, XYZ Ltd, has the following transactions during the year: Purchase of goods 100,000; Sale of goods 150,000; Wages 20,000; Rent 10,000. Prepare the bank reconciliation statement, showing the differences between the cash book and bank statements.

Answer Options

Correct Answer A. Differences: 10,000; Cash Book Balance: 60,000; Bank Statement Balance: 70,000
B. Differences: 20,000; Cash Book Balance: 50,000; Bank Statement Balance: 60,000
C. Differences: 10,000; Cash Book Balance: 60,000; Bank Statement Balance: 70,000
D. Differences: 20,000; Cash Book Balance: 50,000; Bank Statement Balance: 60,000
Correct Answer
A
Correct Option:
Differences: 10,000; Cash Book Balance: 60,000; Bank Statement Balance: 70,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 5. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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