Post Utme Covenant University 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000, but the bank statement shows a balance of ₦150,000. The bank statement also shows a debit of ₦20,000 for a dishonored cheque. What is the correct balance in 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 Covenant University 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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