Post Utme Summit University 2025 Accounting Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Summit University Accounting examination.

Post Utme Summit University 2025 Accounting Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦50,000 while the cash book balance is ₦60,000. The bank statement also shows a debit of ₦10,000 for 'Bank Charges' which is not recorded in the cash book. What is the correct bank reconciliation statement?

Answer Options

A. ₦50,000 (Bank Statement Balance) + ₦10,000 (Bank Charges) = ₦60,000
B. ₦50,000 (Bank Statement Balance) - ₦10,000 (Bank Charges) = ₦40,000
Correct Answer C. ₦60,000 (Cash Book Balance) - ₦10,000 (Bank Charges) = ₦50,000
D. ₦60,000 (Cash Book Balance) + ₦10,000 (Bank Charges) = ₦70,000
Correct Answer
C
Correct Option:
₦60,000 (Cash Book Balance) - ₦10,000 (Bank Charges) = ₦50,000

About This Question

This is Post Utme Summit University 2025 Accounting Question 13. It is one of the objective questions from the 2025 Post Utme Summit University Accounting examination.

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