Post Utme Lead City University 2024 Accounting Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has a cash book balance of ₦250,000 and a bank statement balance of ₦300,000. The bank statement shows a credit balance of ₦20,000 for an outstanding cheque. The cash book shows a debit balance of ₦10,000 for an uncleared cheque. What is the correct balance of the company's cash account?

Answer Options

A. ₦270,000
B. ₦280,000
C. ₦290,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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