Post Utme Ksu 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A company's bank reconciliation statement as at December 31, 2022, showed the following: Bank Balance ¡ 1,000,000; Cheques Outstanding ¡ 500,000; Cheques Returned ¡ 200,000. Calculate the corrected bank balance.

Answer Options

A. ¡ 1,500,000
Correct Answer B. ¡ 1,200,000
C. ¡ 1,000,000
D. ¡ 800,000
Correct Answer
B
Correct Option:
¡ 1,200,000

About This Question

This is Post Utme Ksu 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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