Post Utme Skyline University 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice

Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦15,000. The company's ledger shows a credit balance of ₦20,000 in the bank account. What is the correct journal entry to rectify the discrepancy?

Answer Options

A. ₦5,000 debit to bank account

Correct Answer B. ₦5,000 credit to bank account

C. ₦5,000 debit to cash account

D. ₦5,000 credit to cash account

Correct Answer

Correct Option:

₦5,000 credit to bank account

About This Question

This is Post Utme Skyline University 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

View More Post Utme Skyline University 2021 Accounting Questions More Post Utme Skyline University 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