Post Utme Igbinedion University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows the following transactions: Date | Particulars | Debit | Credit 01/01 | Cash | 1,000 | Bank 02/01 | Bank | 500 | Cash 03/01 | Cash | 200 | Purchases 04/01 | Purchases | 300 | Cash Prepare the bank reconciliation statement.

Answer Options

Correct Answer A. Bank Balance ₦ 1,500, Cash Balance ₦ 1,200
B. Bank Balance ₦ 1,200, Cash Balance ₦ 1,500
C. Bank Balance ₦ 1,000, Cash Balance ₦ 1,300
D. Bank Balance ₦ 1,300, Cash Balance ₦ 1,000
Correct Answer
A
Correct Option:
Bank Balance ₦ 1,500, Cash Balance ₦ 1,200

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.

View More Post Utme Igbinedion University 2017 Accounting Questions More Post Utme Igbinedion University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support