Post Utme Madonna University 2024 Accounting Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2024 Accounting Objective / Multiple Choice
Question 3 POST_UTME_MADONNA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's cash book for the year ended 31st December 2023 is as follows: Date | Debit | Credit | Balance 01/01/2023 | ₦1,000,000 | ₦1,000,000 | ₦1,000,000 02/01/2023 | ₦500,000 | | ₦1,500,000 03/01/2023 | | ₦1,000,000 | ₦1,000,000 What is the company's cash balance as at 31st December 2023?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Madonna University 2024 Accounting Question 3. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.

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