Post Utme Babcock University 2020 Accounting Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions: Purchase of goods ₦1,500,000, Sale of goods ₦2,000,000, Purchase of equipment ₦500,000. Prepare the bank reconciliation statement for the company.

Answer Options

Correct Answer A. ₦1,000,000 (outflow)
B. ₦500,000 (inflow)
C. ₦1,500,000 (outflow)
D. ₦2,000,000 (inflow)
Correct Answer
A
Correct Option:
₦1,000,000 (outflow)

About This Question

This is Post Utme Babcock University 2020 Accounting Question 10. It is one of the objective questions from the 2020 Post Utme Babcock University Accounting examination.

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