Post Utme Redeemers University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A public sector organization has a cash book balance of ₦1,500,000 and a bank statement balance of ₦1,800,000. The bank statement includes a credit of ₦200,000 for an unearned revenue. What is the correct journal entry to reconcile the cash book and bank statement?

Answer Options

Correct Answer A. ₦1,500,000 debit to cash, ₦1,800,000 credit to bank
B. ₦200,000 debit to cash, ₦200,000 credit to bank
C. ₦1,800,000 debit to bank, ₦1,500,000 credit to cash
D. ₦1,500,000 debit to bank, ₦1,800,000 credit to cash
Correct Answer
A
Correct Option:
₦1,500,000 debit to cash, ₦1,800,000 credit to bank

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

View More Post Utme Redeemers University 2020 Accounting Questions More Post Utme Redeemers 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