Post Utme Skyline University 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank statement showed a balance of ₦120,000, but the company's cash book showed a balance of ₦150,000. The difference is due to an outstanding cheque of ₦15,000 and a deposit in transit of ₦5,000. What is the correct bank reconciliation statement?

Answer Options

Correct Answer A. Bank Balance ₦120,000, Cash Book Balance ₦150,000, Outstanding Cheque ₦15,000, Deposit in Transit ₦5,000
B. Bank Balance ₦150,000, Cash Book Balance ₦120,000, Outstanding Cheque ₦15,000, Deposit in Transit ₦5,000
C. Bank Balance ₦120,000, Cash Book Balance ₦150,000, Outstanding Cheque ₦5,000, Deposit in Transit ₦15,000
D. Bank Balance ₦150,000, Cash Book Balance ₦120,000, Outstanding Cheque ₦5,000, Deposit in Transit ₦15,000
Correct Answer
A
Correct Option:
Bank Balance ₦120,000, Cash Book Balance ₦150,000, Outstanding Cheque ₦15,000, Deposit in Transit ₦5,000

About This Question

This is Post Utme Skyline University 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Skyline University Accounting examination.

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