Post Utme Osustech 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Osustech Accounting examination.

Post Utme Osustech 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_OSUSTECH • 2024 • ACCOUNTING • objective

A company has a cash book as follows: | Date | Debit | Credit | | --- | --- | --- | | 2022-01-01 | ₦10,000 | | | 2022-01-15 | | ₦5,000 | | 2022-02-01 | ₦20,000 | | Identify the error in the cash book.

Answer Options

A. The debit balance on 2022-01-01 is ₦10,000.
B. The credit balance on 2022-01-15 is ₦5,000.
C. The debit balance on 2022-02-01 is ₦20,000.
Correct Answer D. The cash book is balanced.
Correct Answer
D
Correct Option:
The cash book is balanced.

About This Question

This is Post Utme Osustech 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Osustech Accounting examination.

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