Post Utme Rhema University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A public sector organization has a cash book account with a debit balance of ₦1,500,000. The cash book shows a credit balance of ₦800,000 in the bank account. The bank statement shows a debit balance of ₦1,200,000. What is the correct journal entry to reconcile the cash book and bank statement?

Answer Options

A. ₦1,500,000 debit to Cash and ₦1,200,000 credit to Bank
B. ₦1,200,000 debit to Bank and ₦800,000 credit to Cash
Correct Answer C. ₦1,500,000 debit to Bank and ₦800,000 credit to Cash
D. ₦1,200,000 debit to Cash and ₦800,000 credit to Bank
Correct Answer
C
Correct Option:
₦1,500,000 debit to Bank and ₦800,000 credit to Cash

About This Question

This is Post Utme Rhema University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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