Post Utme Rsu 2022 Accounting Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Rsu Accounting examination.

Post Utme Rsu 2022 Accounting Objective / Multiple Choice
Question 35 POST_UTME_RSU • 2022 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦8,000 between the cash book balance and the bank statement balance. The company's cash book balance is ₦25,000. Prepare the necessary journal entry to correct this difference.

Answer Options

Correct Answer A. Debit Cash ₦8,000, Credit Bank ₦8,000
B. Debit Bank ₦8,000, Credit Cash ₦8,000
C. Debit Bank ₦8,000, Credit Profit and Loss ₦8,000
D. Debit Profit and Loss ₦8,000, Credit Bank ₦8,000
Correct Answer
A
Correct Option:
Debit Cash ₦8,000, Credit Bank ₦8,000

About This Question

This is Post Utme Rsu 2022 Accounting Question 35. It is one of the objective questions from the 2022 Post Utme Rsu Accounting examination.

View More Post Utme Rsu 2022 Accounting Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support