Post Utme Esut 2022 Accounting Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Esut Accounting examination.

Post Utme Esut 2022 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2022 • ACCOUNTING • objective

A firm has a cash book balance of ₦120,000 and a bank statement balance of ₦140,000. The bank statement shows a credit balance of ₦2,000 for a dishonored cheque. The cash book shows a debit balance of ₦8,000 for a bank error. What is the correct balance of the firm's cash account?

Answer Options

A. ₦124,000
B. ₦128,000
Correct Answer C. ₦132,000
D. ₦136,000
Correct Answer
C
Correct Option:
₦132,000

About This Question

This is Post Utme Esut 2022 Accounting Question 7. It is one of the objective questions from the 2022 Post Utme Esut Accounting examination.

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