Post Utme Rsu 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Rsu Accounting examination.

Post Utme Rsu 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_RSU • 2022 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦5,000 between the cash book balance and the bank statement balance. The company's cash book balance is ₦20,000. Prepare the necessary journal entry to correct this difference.

Answer Options

Correct Answer A. Debit Cash ₦5,000, Credit Bank ₦5,000
B. Debit Bank ₦5,000, Credit Cash ₦5,000
C. Debit Bank ₦5,000, Credit Profit and Loss ₦5,000
D. Debit Profit and Loss ₦5,000, Credit Bank ₦5,000
Correct Answer
A
Correct Option:
Debit Cash ₦5,000, Credit Bank ₦5,000

About This Question

This is Post Utme Rsu 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Rsu Accounting examination.

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