Post Utme Achievers University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ACHIEVERS_UNIVERSITY • 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 a bank overdraft of ₦10,000. What is the correct balance in the cash book?

Answer Options

A. ₦60,000
Correct Answer B. ₦50,000
C. ₦40,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support