Post Utme Ims U 2025 Accounting Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 7 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company's cash book shows the following transactions: Debit Cash ₦10,000, Credit Sales ₦10,000; Debit Sales ₦5,000, Credit Cash ₦5,000; Debit Purchases ₦8,000, Credit Cash ₦8,000. What is the correct bank reconciliation statement to reconcile the company's cash book with its bank statement?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Ims U 2025 Accounting Question 7. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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