Post Utme Eksu 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. The bank reconciliation statement reveals that there are 20 outstanding cheques totaling ₦8,000 each. What is the correct balance in the company's cash book?

Answer Options

A. ₦128,000
B. ₦130,000
Correct Answer C. ₦132,000
D. ₦134,000
Correct Answer
C
Correct Option:
₦132,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Eksu Accounting examination.

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