Post Utme Lautech 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company has a cash book balance of ₦100,000 and a bank statement balance of ₦120,000. The difference is due to a bank overdraft of ₦20,000. Calculate the cash book balance after adjusting for the overdraft.

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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