Post Utme Ims U 2020 Accounting Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st January | Cash | ₦10,000 | ₦0 | | 2nd January | Bank | ₦0 | ₦20,000 | | 3rd January | Sales | ₦0 | ₦50,000 | | 4th January | Purchases | ₦40,000 | ₦0 | | 5th January | Capital | ₦0 | ₦30,000 | | 6th January | Drawings | ₦0 | ₦10,000 | | 7th January | Rent | ₦0 | ₦5,000 | | 8th January | Salaries | ₦0 | ₦10,000 | | 9th January | Interest | ₦0 | ₦2,000 | | 10th January | Dividend | ₦0 | ₦5,000 | | 11th January | Discount | ₦0 | ₦1,000 | | 12th January | Bad Debts | ₦0 | ₦2,000 | | 13th January | Provision for Bad Debts | ₦0 | ₦1,000 | | 14th January | Depreciation | ₦0 | ₦5,000 | | 15th January | Provision for Depreciation | ₦0 | ₦2,000 | Determine the correct bank reconciliation statement.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 33. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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