Post Utme Aaua 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Aaua Accounting examination.

Post Utme Aaua 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_AAUA • 2018 • ACCOUNTING • objective

A company has a cash book that shows a debit balance of ₦80,000. The company's bank statement shows a credit balance of ₦90,000. What is the net effect on the company's cash balance?

Answer Options

Correct Answer A. ₦10,000 debit
B. ₦10,000 credit
C. ₦20,000 debit
D. ₦20,000 credit
Correct Answer
A
Correct Option:
₦10,000 debit

About This Question

This is Post Utme Aaua 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Aaua Accounting examination.

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