Post Utme Ksu 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A company's cash book shows a balance of ₦150,000 on January 1, 2023, while the bank statement shows a balance of ₦120,000 on the same date. The bank reconciliation statement reveals that the company's cash book is undercast by ₦10,000 and the bank has credited a service fee of ₦2,000. What is the correct balance of the company's cash book after reconciliation?

Answer Options

A. ₦140,000
Correct Answer B. ₦145,000
C. ₦150,000
D. ₦155,000
Correct Answer
B
Correct Option:
₦145,000

About This Question

This is Post Utme Ksu 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

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