Post Utme Bowen University 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The company's cash book also shows a debit balance of ₦20,000 in the 'Office Equipment' account. The bank statement shows a credit balance of ₦15,000 in the same account. What is the correct balance in the 'Office Equipment' account?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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