Post Utme Lead City University 2019 Accounting Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2019 Accounting Objective / Multiple Choice
Question 1 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's cash book shows a balance of ₦120,000. However, the bank statement shows a balance of ₦150,000. The bank reconciliation statement shows a difference of ₦20,000 due to outstanding checks. What is the correct balance in the company's cash book?

Answer Options

Correct Answer A. ₦140,000
B. ₦130,000
C. ₦120,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦140,000

About This Question

This is Post Utme Lead City University 2019 Accounting Question 1. It is one of the objective questions from the 2019 Post Utme Lead City University Accounting examination.

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