Post Utme Uniosun 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A bank statement shows a balance of ₦500,000, but the company's cash book shows a balance of ₦450,000. The bank statement also shows a debit of ₦20,000 for a NSF cheque. What is the correct bank reconciliation?

Answer Options

Correct Answer A. Add NSF cheque debit of ₦20,000 to cash book balance
B. Add NSF cheque debit of ₦20,000 to bank statement balance
C. Debit NSF cheque of ₦20,000 to bank statement balance
D. Credit NSF cheque of ₦20,000 to bank statement balance
Correct Answer
A
Correct Option:
Add NSF cheque debit of ₦20,000 to cash book balance

About This Question

This is Post Utme Uniosun 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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