Post Utme Elizade University 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a cash book balance of ₦80,000 and a bank statement balance of ₦100,000. The difference is due to an outstanding cheque of ₦5,000 and a deposit in transit of ₦5,000. What is the correct balance?

Answer Options

A. ₦90,000
B. ₦95,000
Correct Answer C. ₦100,000
D. ₦105,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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