Post Utme Babcock University 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash book shows a debit balance of ₦80,000. The company also has a bank overdraft of ₦30,000. What is the company's net cash position?

Answer Options

A. ₦50,000
B. ₦50,000.00
C. ₦50,000
Correct Answer D. ₦110,000
Correct Answer
D
Correct Option:
₦110,000

About This Question

This is Post Utme Babcock University 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Babcock University Accounting examination.

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