Post Utme Rhema University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice

Question 37 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. What is the correct procedure to reconcile this difference?

Answer Options

Correct Answer A. Prepare a bank reconciliation statement

B. Prepare a cash book reconciliation statement

C. Reconcile the cash book with the bank statement

D. Reconcile the bank statement with the cash book

Correct Answer

Correct Option:

Prepare a bank reconciliation statement

About This Question

This is Post Utme Rhema University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Rhema University Accounting examination.

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