Post Utme Ksu 2020 Accounting Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice

Question 9 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the company's cash book balance and the bank statement balance. What is the correct treatment for this discrepancy?

Correct Answer A. Debit the Cash account and credit the Bank account

B. Credit the Cash account and debit the Bank account

C. Debit the Profit or Loss account and credit the Cash account

D. Credit the Profit or Loss account and debit the Cash account

Correct Answer

Correct Option:

Debit the Cash account and credit the Bank account

This is Post Utme Ksu 2020 Accounting Question 9. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

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