Post Utme Crawford University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows the following transactions for the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | 10,000 | | | 5-Jan | Sales | | 15,000 | | 10-Jan | Rent | 5,000 | | | 15-Jan | Purchase | | 8,000 | | 20-Jan | Cash | | 12,000 | What is the correct bank reconciliation statement for the month of January?

Answer Options

Correct Answer A. Bank Balance 12,000, Cash Balance 10,000
B. Bank Balance 10,000, Cash Balance 12,000
C. Bank Balance 12,000, Cash Balance 8,000
D. Bank Balance 8,000, Cash Balance 12,000
Correct Answer
A
Correct Option:
Bank Balance 12,000, Cash Balance 10,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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