Post Utme Unn 2018 Accounting Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNN • 2018 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦120,000. The bank statement shows a credit balance of ₦150,000. The difference between the two balances is due to a bank overdraft of ₦30,000. What is the correct journal entry to record the bank overdraft?

Answer Options

Correct Answer A. ₦30,000 Bank Overdraft
B. ₦30,000 Cash at Bank
C. ₦30,000 Bank Overdraft (₦30,000)
D. ₦30,000 Bank Overdraft (₦30,000) - ₦30,000 Cash at Bank
Correct Answer
A
Correct Option:
₦30,000 Bank Overdraft

About This Question

This is Post Utme Unn 2018 Accounting Question 36. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

View More Post Utme Unn 2018 Accounting Questions More Post Utme Unn Practice Questions Back to Questions

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