Post Utme Covenant University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has the following bank reconciliation statement: Bank balance ₦500,000, Cash balance ₦200,000, and Outstanding checks ₦100,000. What is the company's net bank balance?

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Covenant University 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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