Post Utme Esut 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company has a control account for its cash. What is the purpose of the 'Cash at Bank' account in this control account?

Answer Options

Correct Answer A. To record the cash balance at the bank
B. To record the cash balance in the company's cash box
C. To record the cash balance in the company's safe
D. To record the cash balance in the company's vault
Correct Answer
A
Correct Option:
To record the cash balance at the bank

About This Question

This is Post Utme Esut 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

View More Post Utme Esut 2019 Accounting Questions More Post Utme Esut Practice Questions Back to Questions

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