Post Utme Elizade University 2021 Accounting Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2021 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash account shows a balance of ₦200,000. The company's bank statement shows a balance of ₦250,000. What is the amount of the company's outstanding checks?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Elizade University 2021 Accounting Question 25. It is one of the objective questions from the 2021 Post Utme Elizade University Accounting examination.

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