Post Utme Abu 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Abu Accounting examination.

Post Utme Abu 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_ABU • 2022 • ACCOUNTING • objective

A company's cash book shows a credit balance of ₦500,000 in the cash account. However, the bank statement shows a debit balance of ₦200,000. What is the correct balance in the cash account?

Answer Options

Correct Answer A. ₦300,000
B. ₦700,000
C. ₦1,200,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Abu 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Abu Accounting examination.

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