Post Utme Coal City University 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice

Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the bank statement shows a balance of ₦60,000. What is the correct procedure to reconcile this discrepancy?

Answer Options

Correct Answer A. Prepare a bank reconciliation statement

B. Prepare a cash book reconciliation statement

C. Prepare a trial balance

D. Prepare a balance sheet

Correct Answer

Correct Option:

Prepare a bank reconciliation statement

About This Question

This is Post Utme Coal City University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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