Post Utme Nile University 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following bank reconciliation statement: Bank Balance - ₦50,000, Cash - ₦20,000, Deposits in Transit - ₦10,000, Outstanding Checks - ₦30,000. What is the company's 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 Nile University 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support