Post Utme Coal City University 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2024 Accounting Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank statement balance. The company's accountant has forgotten to record a bank charge of ₦2,000. What is the correct adjustment to be made to the bank reconciliation statement?

Answer Options

Correct Answer A. ₦2,000 debit to 'Bank Charges' and ₦2,000 credit to 'Cash'
B. ₦2,000 credit to 'Bank Charges' and ₦2,000 debit to 'Cash'
C. ₦2,000 debit to 'Bank Charges' and ₦2,000 credit to 'Office Expenses'
D. ₦2,000 credit to 'Bank Charges' and ₦2,000 debit to 'Office Expenses'
Correct Answer
A
Correct Option:
₦2,000 debit to 'Bank Charges' and ₦2,000 credit to 'Cash'

About This Question

This is Post Utme Coal City University 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Coal City University Accounting examination.

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