Post Utme Unn 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Unn Accounting examination.

Post Utme Unn 2024 Accounting Objective / Multiple Choice

Question 23 POST_UTME_UNN • 2024 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. What is the correct procedure to reconcile this discrepancy?

Correct Answer A. Prepare a bank reconciliation statement

B. Prepare a cash book reconciliation statement

C. Prepare a trial balance

D. Prepare a balance sheet

Correct Answer

Correct Option:

Prepare a bank reconciliation statement

This is Post Utme Unn 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Unn Accounting examination.

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