Post Utme Nile University 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Nile University Accounting examination.

Post Utme Nile University 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_NILE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following bank statement: ₦1,500,000, ₦500,000, ₦200,000, and ₦300,000. Prepare the bank reconciliation statement.

Answer Options

Correct Answer A. Bank Reconciliation Statement Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Bank | | 1,500,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
B. Bank Reconciliation Statement Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Bank | | 1,500,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
C. Bank Reconciliation Statement Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Bank | | 1,500,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
D. Bank Reconciliation Statement Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Bank | | 1,500,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------
Correct Answer
A
Correct Option:
Bank Reconciliation Statement Date | Particulars | L.F. | Debit | Credit ----------------------------------------------- 01-01 | Bank | | 1,500,000 | 01-02 | Suppliers | | 500,000 | 01-03 | Employees | | 200,000 | 01-04 | Bank | | 300,000 | -----------------------------------------------

About This Question

This is Post Utme Nile University 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Nile University Accounting examination.

View More Post Utme Nile University 2021 Accounting Questions More Post Utme Nile University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support