Post Utme Summit University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank reconciliation statement shows a difference of ₦10,000 between the company's cash book balance and the bank statement balance. The company's accounting records indicate that the difference is due to an error in the cash book. What is the correct journal entry to correct the error?

Answer Options

A. Debit Cash ₦10,000, Credit Bank Charges ₦10,000
B. Debit Cash ₦10,000, Credit Cash in Hand ₦10,000
Correct Answer C. Debit Cash ₦10,000, Credit Cash at Bank ₦10,000
D. Debit Bank Charges ₦10,000, Credit Cash ₦10,000
Correct Answer
C
Correct Option:
Debit Cash ₦10,000, Credit Cash at Bank ₦10,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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