Post Utme Pan Atlantic University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's bank reconciliation statement as at December 31, 2023, is as follows: Bank Balance: ₦100,000 Deposits in Transit: ₦20,000 Outstanding Checks: ₦10,000 Determine the correct classification of the above items.

Answer Options

A. Bank Balance: ₦100,000, Deposits in Transit: ₦20,000, Outstanding Checks: ₦10,000
B. Bank Balance: ₦100,000, Deposits in Transit: ₦20,000, Outstanding Checks: ₦10,000
Correct Answer C. Bank Balance: ₦100,000, Deposits in Transit: ₦20,000, Outstanding Checks: ₦10,000
D. Bank Balance: ₦100,000, Deposits in Transit: ₦20,000, Outstanding Checks: ₦10,000
Correct Answer
C
Correct Option:
Bank Balance: ₦100,000, Deposits in Transit: ₦20,000, Outstanding Checks: ₦10,000

About This Question

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

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