Post Utme Abu 2019 Accounting Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. The difference is due to an outstanding cheque of ₦5,000. Calculate the correct balance of the company's cash.

Answer Options

A. ₦55,000
Correct Answer B. ₦55,500
C. ₦56,000
D. ₦56,500
Correct Answer
B
Correct Option:
₦55,500

About This Question

This is Post Utme Abu 2019 Accounting Question 36. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

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