Post Utme Lautech 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A firm's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. The difference is due to a bank overdraft of ₦10,000. What is the correct balance on the firm's cash book?

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 Lautech 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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