Post Utme Christopher University 2020 Accounting Question 10

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

Post Utme Christopher University 2020 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's single-entry system shows a credit balance of ₦50,000. However, the company's bank statement shows a debit balance of ₦30,000. What is the correct balance in the single-entry system?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

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

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