Post Utme Delsu 2024 Accounting Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Delsu Accounting examination.

Post Utme Delsu 2024 Accounting Objective / Multiple Choice
Question 40 POST_UTME_DELSU • 2024 • ACCOUNTING • objective

A company's balance sheet shows a non-current asset of ₦150,000. The company's cash book shows a debit balance of ₦75,000 in the 'Bank' account. What is the correct bank reconciliation statement?

Answer Options

Correct Answer A. ₦75,000 debit to 'Bank' and ₦75,000 credit to 'Cash'
B. ₦75,000 credit to 'Bank' and ₦75,000 debit to 'Cash'
C. ₦150,000 debit to 'Bank' and ₦150,000 credit to 'Cash'
D. ₦225,000 debit to 'Bank' and ₦225,000 credit to 'Cash'
Correct Answer
A
Correct Option:
₦75,000 debit to 'Bank' and ₦75,000 credit to 'Cash'

About This Question

This is Post Utme Delsu 2024 Accounting Question 40. It is one of the objective questions from the 2024 Post Utme Delsu Accounting examination.

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