Post Utme Covenant University 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦35,000
B. ₦15,000
C. ₦20,000
Correct Answer D. ₦5,000
Correct Answer
D
Correct Option:
₦5,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support