Post Utme Esut 2023 Accounting Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The company's cash book also shows a debit balance of ₦30,000 in the 'Bank Overdraft' account. What is the correct balance in the company's cash book after reconciliation?

Answer Options

A. ₦120,000
B. ₦150,000
Correct Answer C. ₦180,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦180,000

About This Question

This is Post Utme Esut 2023 Accounting Question 26. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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