Post Utme Greenfield University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses a cash book to record its transactions. The cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. The difference is due to a bank overdraft of ₦10,000. What is the correct balance in the cash book?

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Greenfield University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Greenfield University Accounting examination.

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