Post Utme Babcock University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. The bank reconciliation statement reveals a difference of ₦20,000 due to an outstanding cheque. What is the correct balance of the company's cash book?

Answer Options

A. ₦140,000
Correct Answer B. ₦130,000
C. ₦120,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Babcock University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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