Post Utme Uniport 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦10,000 in the 'Bank' account. Prepare the necessary bank reconciliation statement to correct this error.

Answer Options

A. ₦10,000 debit to 'Bank' and ₦10,000 credit to 'Cash'
Correct Answer B. ₦10,000 debit to 'Cash' and ₦10,000 credit to 'Bank'
C. ₦10,000 debit to 'Bank' and ₦10,000 credit to 'Discount Received'
D. ₦10,000 debit to 'Discount Received' and ₦10,000 credit to 'Bank'
Correct Answer
B
Correct Option:
₦10,000 debit to 'Cash' and ₦10,000 credit to 'Bank'

About This Question

This is Post Utme Uniport 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support