Post Utme Summit University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Summit University Accounting examination.

Post Utme Summit University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦20,000 in the account 'Bank' and a credit balance of ₦15,000 in the account 'Cash'. What is the correct bank reconciliation statement?

Answer Options

A. ₦5,000 debit to Bank and ₦5,000 credit to Cash
B. ₦20,000 debit to Bank and ₦15,000 credit to Cash
C. ₦15,000 debit to Bank and ₦20,000 credit to Cash
Correct Answer D. ₦5,000 debit to Bank and ₦15,000 credit to Cash
Correct Answer
D
Correct Option:
₦5,000 debit to Bank and ₦15,000 credit to Cash

About This Question

This is Post Utme Summit University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.

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