Post Utme Babcock University 2019 Accounting Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2019 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following bank statement: Opening balance: ₦50,000; Deposits: ₦80,000; Withdrawals: ₦30,000. What is the closing balance?

Answer Options

Correct Answer A. ₦100,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Babcock University 2019 Accounting Question 34. It is one of the objective questions from the 2019 Post Utme Babcock 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