Post Utme Noun 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company's bank reconciliation statement shows the following discrepancies: Bank Statement Balance ₦50,000, Cash Book Balance ₦40,000, Outstanding Checks ₦5,000, Deposits in Transit ₦10,000. Calculate the correct bank balance.

Answer Options

A. ₦55,000
Correct Answer B. ₦60,000
C. ₦65,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Noun 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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