Post Utme Coal City University 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The difference is due to the following transactions: a deposit of ₦20,000, a withdrawal of ₦30,000, and an error in the cash book of ₦10,000. What is the correct balance in the cash book?

Answer Options

Correct Answer A. ₦130,000
B. ₦140,000
C. ₦150,000
D. ₦160,000
Correct Answer
A
Correct Option:
₦130,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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