Post Utme Mountain Top University 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has a control account for its cash transactions. The following transactions occurred during the month of January: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1-Jan | Cash | 10,000 | | | 5-Jan | Bank | | 12,000 | | 10-Jan | Cash | 8,000 | | | 15-Jan | Bank | | 9,000 | | 20-Jan | Cash | 12,000 | | | 25-Jan | Bank | | 15,000 | What is the balance in the cash control account at the end of January?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Mountain Top University 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Mountain Top University Accounting examination.

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