Post Utme Skyline University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's cash book shows a balance of ₦100,000 on January 1, 2018. During the year, it received ₦200,000 in cash and paid ₦150,000 in cash. The bank statement shows a balance of ₦120,000 on December 31, 2018. What is the difference between the cash book balance and the bank statement balance?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Skyline University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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