Post Utme Al Hikmah University 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following: 'Bank balance ₦50,000', 'Cheques outstanding ₦20,000', and 'Deposits in transit ₦10,000'. What is the correct balance of the company's bank account?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Al Hikmah University 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Accounting examination.

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