Post Utme Ims U 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Ims U Accounting examination.

Post Utme Ims U 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2017 • ACCOUNTING • objective

A company's cash book shows the following transactions: Date Particulars Debit Credit 31st December 20X7 Bank ₦ 10,000 ₦ 5,000 What is the correct bank reconciliation statement?

Answer Options

A. Bank Balance ₦ 5,000, Cash in Hand ₦ 10,000
Correct Answer B. Bank Balance ₦ 10,000, Cash in Hand ₦ 5,000
C. Bank Balance ₦ 15,000, Cash in Hand ₦ 0
D. Bank Balance ₦ 0, Cash in Hand ₦ 15,000
Correct Answer
B
Correct Option:
Bank Balance ₦ 10,000, Cash in Hand ₦ 5,000

About This Question

This is Post Utme Ims U 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.

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