Post Utme Pan Atlantic University 2020 Accounting Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 14 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company has the following transactions in its bank reconciliation statement: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Bank balance | ₦100,000 | | | 1/2 | Cheque deposited | | ₦120,000 | | 1/3 | Cheque returned | ₦80,000 | | | 1/4 | Bank interest | | ₦10,000 | What is the correct bank balance?

Answer Options

A. ₦130,000
B. ₦140,000
Correct Answer C. ₦150,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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