Post Utme Lasu 2020 Accounting Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 7 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company has a cash book balance of ₦50,000 and a bank statement balance of ₦60,000. The bank statement includes a credit of ₦10,000 for a dishonored cheque. What is the correct balance of the company's cash account?

Answer Options

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

About This Question

This is Post Utme Lasu 2020 Accounting Question 7. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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