Post Utme Rhema University 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the double-entry system of accounting. The company's cash book shows a credit balance of ₦80,000. Prepare a journal entry to record the bank reconciliation.

Answer Options

A. Debit Cash ₦80,000, Credit Bank ₦80,000
Correct Answer B. Debit Bank ₦80,000, Credit Cash ₦80,000
C. Debit Cash ₦80,000, Credit Bank Service Charge ₦80,000
D. Debit Bank Service Charge ₦80,000, Credit Cash ₦80,000
Correct Answer
B
Correct Option:
Debit Bank ₦80,000, Credit Cash ₦80,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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