Post Utme Unn 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company's bank statement shows a balance of ₦120,000, but the company's cash book shows a balance of ₦150,000. The bank statement also shows a debit of ₦30,000 for a cheque that has been returned unpaid. What is the correct bank reconciliation statement?

Answer Options

Correct Answer A. ₦120,000 (Bank Statement) - ₦30,000 (Returned Cheque) = ₦90,000
B. ₦150,000 (Cash Book) - ₦30,000 (Returned Cheque) = ₦120,000
C. ₦120,000 (Bank Statement) + ₦30,000 (Returned Cheque) = ₦150,000
D. ₦150,000 (Cash Book) + ₦30,000 (Returned Cheque) = ₦180,000
Correct Answer
A
Correct Option:
₦120,000 (Bank Statement) - ₦30,000 (Returned Cheque) = ₦90,000

About This Question

This is Post Utme Unn 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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