Post Utme Eksu 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Eksu Accounting examination.

Post Utme Eksu 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2018 • ACCOUNTING • objective

A company has the following transactions in its bank reconciliation statement: Debit: ₦1,000,000 (cash received from customers) ₦500,000 (cash received from government grant) Credit: ₦1,500,000 (cash paid to creditors) What is the balance in the bank account?

Answer Options

A. ₦200,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦500,000
Correct Answer
D
Correct Option:
₦500,000

About This Question

This is Post Utme Eksu 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Eksu 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