Post Utme Madonna University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following bank reconciliation statement: | Date | Bank Balance | Cash Balance | Difference | | --- | --- | --- | --- | | 1 | ₦50,000 | ₦40,000 | ₦10,000 | | 2 | ₦60,000 | ₦50,000 | ₦10,000 | | 3 | ₦70,000 | ₦60,000 | ₦10,000 | What is the total difference between the bank balance and cash balance?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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