Post Utme Skyline University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice

Question 9 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦12,500. The company's ledger shows a credit balance of ₦15,000 in the bank account. What is the correct journal entry to rectify the discrepancy?

Answer Options

A. ₦2,500 debit to bank account

Correct Answer B. ₦2,500 credit to bank account

C. ₦2,500 debit to cash account

D. ₦2,500 credit to cash account

Correct Answer

Correct Option:

₦2,500 credit to bank account

About This Question

This is Post Utme Skyline University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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