Post Utme Covenant University 2019 Accounting Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a debit balance of ₦20,000 for an outstanding cheque. The company's bank statement shows a credit balance of ₦10,000 for the same cheque. What is the correct balance of the company's cash account?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 10. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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