Post Utme Crawford University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company prepares its financial statements for the year ended December 31, 2022. The company's cash book shows a balance of ₦250,000 on January 1, 2022, and ₦300,000 on December 31, 2022. The bank statement shows a balance of ₦280,000 on January 1, 2022, and ₦320,000 on December 31, 2022. What is the difference between the cash book balance and the bank statement balance at the beginning of the year?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Crawford University 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

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