Post Utme Mountain Top University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a debit balance of ₦10,000, while the general ledger shows a credit balance of ₦5,000. What is the correct journal entry to reconcile the two accounts?

Answer Options

A. Debit Cash A/c ₦15,000, Credit Bank A/c ₦5,000
Correct Answer B. Debit Cash A/c ₦15,000, Credit Bank A/c ₦10,000
C. Debit Cash A/c ₦10,000, Credit Bank A/c ₦5,000
D. Debit Cash A/c ₦5,000, Credit Bank A/c ₦10,000
Correct Answer
B
Correct Option:
Debit Cash A/c ₦15,000, Credit Bank A/c ₦10,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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