Post Utme Summit University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following information:

Answer Options

Correct Answer A. Debit Bank Fees 100 and credit Bank Statement Balance 100
B. Debit Bank Statement Balance 100 and credit Bank Fees 100
C. Debit Bank Statement Balance 100 and credit Cash 100
D. Debit Cash 100 and credit Bank Statement Balance 100
Correct Answer
A
Correct Option:
Debit Bank Fees 100 and credit Bank Statement Balance 100

About This Question

This is Post Utme Summit University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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