Post Utme Lasu 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_LASU • 2025 • ACCOUNTING • objective

A company's bank statement showed a balance of ₦50,000. The company's cash book showed a balance of ₦60,000. The bank statement also showed a debit of ₦10,000 for a cheque returned unpaid. Prepare the necessary bank reconciliation statement.

Answer Options

Correct Answer A. ₦50,000 debit to Bank Account and ₦10,000 credit to Cheque Returned Unpaid Account
B. ₦60,000 debit to Bank Account and ₦10,000 credit to Cheque Returned Unpaid Account
C. ₦50,000 debit to Bank Account and ₦10,000 credit to Profit and Loss Account
D. ₦60,000 debit to Bank Account and ₦10,000 credit to Profit and Loss Account
Correct Answer
A
Correct Option:
₦50,000 debit to Bank Account and ₦10,000 credit to Cheque Returned Unpaid Account

About This Question

This is Post Utme Lasu 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.

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