Post Utme Oau 2023 Accounting Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Oau Accounting examination.

Post Utme Oau 2023 Accounting Objective / Multiple Choice
Question 40 POST_UTME_OAU • 2023 • ACCOUNTING • objective

A company's bank reconciliation statement for the year ended 31st December 2022 is as follows: Bank Balance: ₦1,200,000; Cash in Bank: ₦1,500,000; Outstanding Cheques: ₦200,000. Calculate the bank overdraft.

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Oau 2023 Accounting Question 40. It is one of the objective questions from the 2023 Post Utme Oau Accounting examination.

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