Post Utme Afe Babalola University 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book showed a balance of ₦50,000. The company's bank statement showed a balance of ₦75,000. The company's cash book also showed a credit balance of ₦20,000 in the bank overdraft account. The bank statement showed a debit balance of ₦10,000 in the bank overdraft account. Prepare a bank reconciliation statement for the company.

Answer Options

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

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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