Post Utme Afe Babalola University 2019 Accounting Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions in its bank reconciliation statement: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Bank balance | 100,000 | | | 2 Jan | Cheques deposited | | 50,000 | | 3 Jan | Cheques issued | 30,000 | | | 4 Jan | Bank charges | | 5,000 | | 5 Jan | Interest earned | | 10,000 | What is the bank balance?

Answer Options

A. ₦120,000
B. ₦130,000
Correct Answer C. ₦140,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 31. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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