Post Utme Igbinedion University 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦50,000 and a credit balance of ₦20,000. What is the correct journal entry to record the bank reconciliation?

Answer Options

A. ₦30,000 debit to cash and ₦30,000 credit to bank
Correct Answer B. ₦30,000 debit to bank and ₦30,000 credit to cash
C. ₦30,000 debit to revenue and ₦30,000 credit to cash
D. ₦30,000 debit to cash and ₦30,000 credit to revenue
Correct Answer
B
Correct Option:
₦30,000 debit to bank and ₦30,000 credit to cash

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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