Post Utme Osustech 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A company's cash book shows the following transactions: Date Debit Credit 1st January ₦ 1,000 ₦ 0 2nd January ₦ 0 ₦ 500 3rd January ₦ 0 ₦ 1,500 4th January ₦ 2,000 ₦ 0 5th January ₦ 0 ₦ 1,000 What is the bank balance on 5th January?

Answer Options

A. ₦1,000
Correct Answer B. ₦2,000
C. ₦3,000
D. ₦4,000
Correct Answer
B
Correct Option:
₦2,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Osustech 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