Post Utme Madonna University 2018 Accounting Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A firm has a cash book balance of ₦50,000. The bank statement shows a balance of ₦60,000. The firm's cash book shows a debit balance of ₦5,000. The bank statement shows a credit balance of ₦3,000. What is the correct balance of the firm's cash book?

Answer Options

A. ₦55,000
Correct Answer B. ₦57,000
C. ₦59,000
D. ₦61,000
Correct Answer
B
Correct Option:
₦57,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 7. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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