Post Utme Lead City University 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions related to its cash and bank accounts: Cash: ₦10,000 deposited, ₦5,000 withdrawn, ₦8,000 deposited, and ₦3,000 withdrawn. Bank: ₦12,000 deposited, ₦9,000 withdrawn, ₦15,000 deposited, and ₦6,000 withdrawn. What is the balance in the cash account after all the transactions?

Answer Options

A. ₦8,000
Correct Answer B. ₦10,000
C. ₦12,000
D. ₦15,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Lead City University 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Lead City University Accounting examination.

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