Post Utme Lasu 2025 Accounting Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Lasu Accounting examination.

Post Utme Lasu 2025 Accounting Objective / Multiple Choice
Question 32 POST_UTME_LASU • 2025 • ACCOUNTING • objective

A company's cash book showed a balance of ₦80,000. The company's bank statement showed a balance of ₦70,000. The bank statement also showed a credit of ₦5,000 for a deposit made by the company. Prepare the necessary bank reconciliation statement.

Answer Options

Correct Answer A. ₦80,000 debit to Bank Account and ₦5,000 credit to Deposit Account
B. ₦70,000 debit to Bank Account and ₦5,000 credit to Deposit Account
C. ₦80,000 debit to Bank Account and ₦5,000 credit to Profit and Loss Account
D. ₦70,000 debit to Bank Account and ₦5,000 credit to Profit and Loss Account
Correct Answer
A
Correct Option:
₦80,000 debit to Bank Account and ₦5,000 credit to Deposit Account

About This Question

This is Post Utme Lasu 2025 Accounting Question 32. It is one of the objective questions from the 2025 Post Utme Lasu Accounting examination.

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