Post Utme Coal City University 2023 Accounting Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Coal City University Accounting examination.
A company uses the double-entry system to record its transactions. The company's cash book shows a balance of ₦125,000. However, the bank statement shows a balance of ₦120,000. The difference of ₦5,000 is due to a bank charge of ₦2,000 and a cheque deposited but not yet credited by the bank. What is the correct journal entry to record the bank charge?
Answer Options
About This Question
This is Post Utme Coal City University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.