Post Utme Greenfield University 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. However, the company's bank statement shows a balance of ₦60,000. What is the correct adjustment to be made to the cash book?

Answer Options

Correct Answer A. Debit Bank ₦10,000, Credit Cash ₦10,000
B. Debit Cash ₦10,000, Credit Bank ₦10,000
C. Debit Bank ₦50,000, Credit Cash ₦50,000
D. Debit Cash ₦50,000, Credit Bank ₦50,000
Correct Answer
A
Correct Option:
Debit Bank ₦10,000, Credit Cash ₦10,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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