Post Utme Igbinedion University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's bank statement showed a balance of ₦20,000. The company's cash book showed a balance of ₦25,000. The bank statement also showed a debit of ₦5,000 for a cheque returned unpaid. Calculate the correct balance of the company's cash book.

Answer Options

Correct Answer A. ₦25,000
B. ₦20,000
C. ₦15,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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