Post Utme Nile University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following bank reconciliation statement: ₦100,000 cash in bank, ₦50,000 outstanding checks, ₦20,000 deposits in transit, and ₦30,000 bank charges. What is the company's adjusted cash balance?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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