Post Utme Elizade University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a cash book balance of ₦ 50,000. The bank statement shows a balance of ₦ 60,000. The cash book shows a debit balance of ₦ 10,000 in the clearing account. What is the correct balance of the company's cash?

Answer Options

A. ₦ 40,000
B. ₦ 50,000
Correct Answer C. ₦ 60,000
D. ₦ 70,000
Correct Answer
C
Correct Option:
₦ 60,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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