Post Utme Joseph Ayo Babalola University 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has a cash book balance of ₦500,000. The bank statement shows a balance of ₦550,000. The difference is due to a bank overdraft of ₦50,000. Calculate the cash book balance after the bank overdraft is adjusted.

Answer Options

A. ₦450,000
B. ₦475,000
Correct Answer C. ₦500,000
D. ₦525,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Accounting examination.

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