Post Utme Redeemers University 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has a bank statement that shows a balance of ₦20,000. However, the company's cash book shows a balance of ₦18,000. What is the correct procedure to reconcile the two balances?

Answer Options

Correct Answer A. Prepare a bank reconciliation statement
B. Adjust the cash book balance to match the bank statement balance
C. Prepare a cash book reconciliation statement
D. Adjust the bank statement balance to match the cash book balance
Correct Answer
A
Correct Option:
Prepare a bank reconciliation statement

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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