Post Utme Lautech 2020 Accounting Question 33

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

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2020 • 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 dishonored cheque. Prepare the necessary bank reconciliation statement.

Answer Options

Correct Answer A. ₦50,000 (bank statement) + ₦10,000 (dishonored cheque) = ₦60,000 (cash book)
B. ₦60,000 (cash book) - ₦10,000 (dishonored cheque) = ₦50,000 (bank statement)
C. ₦50,000 (bank statement) - ₦10,000 (dishonored cheque) = ₦40,000
D. ₦60,000 (cash book) + ₦10,000 (dishonored cheque) = ₦70,000
Correct Answer
A
Correct Option:
₦50,000 (bank statement) + ₦10,000 (dishonored cheque) = ₦60,000 (cash book)

About This Question

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

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