Post Utme Osustech 2021 Accounting Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company uses the self-balancing ledger system. If the company's cash account has a debit balance of ₦20,000 and the bank account has a credit balance of ₦15,000, what is the correct balance of the company's cash account?

Answer Options

A. ₦5,000
B. ₦10,000
C. ₦15,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 23. It is one of the objective questions from the 2021 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