Post Utme Afe Babalola University 2023 Accounting Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's bank statement shows the following transactions: 1. Bank paid in ₦10,000. 2. Bank paid out ₦5,000. 3. Bank paid in ₦20,000. 4. Bank paid out ₦10,000. What is the balance of the bank statement at the end of the month?

Answer Options

A. ₦25,000
B. ₦30,000
C. ₦35,000
Correct Answer D. ₦40,000
Correct Answer
D
Correct Option:
₦40,000

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 8. It is one of the objective questions from the 2023 Post Utme Afe Babalola 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