Post Utme Unn 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Unn Accounting examination.

Post Utme Unn 2018 Accounting Objective / Multiple Choice
Question 38 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 38. It is one of the objective questions from the 2018 Post Utme Unn Accounting examination.

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