Post Utme Pan Atlantic University 2023 Accounting Question 1

Practice objective / multiple choice question 1 from the 2023 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2023 Accounting Objective / Multiple Choice
Question 1 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ACCOUNTING • objective

A company maintains a cash book and a general ledger. The cash book shows a balance of ₦125,000, while the general ledger shows a balance of ₦120,000. The bank statement shows a balance of ₦130,000. What is the correct balance of the company's cash account?

Answer Options

A. ₦125,000
B. ₦120,000
C. ₦130,000
Correct Answer D. ₦110,000
Correct Answer
D
Correct Option:
₦110,000

About This Question

This is Post Utme Pan Atlantic University 2023 Accounting Question 1. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Accounting examination.

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