Post Utme Covenant University 2025 Accounting Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 27 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a cash book account with the following transactions: Debit: ₦10,000 on January 1, 2025, and ₦5,000 on January 15, 2025. Credit: ₦8,000 on January 1, 2025, and ₦3,000 on January 15, 2025. Calculate the balance in the cash book account on January 31, 2025.

Answer Options

A. ₦2,000
B. ₦3,000
C. ₦5,000
Correct Answer D. ₦7,000
Correct Answer
D
Correct Option:
₦7,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 27. It is one of the objective questions from the 2025 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