Post Utme Summit University 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 31 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has a cash book balance of ₦250,000 and a bank statement balance of ₦300,000. The bank statement shows a credit balance of ₦20,000 for an outstanding cheque. The cash book shows a debit balance of ₦15,000 for an uncleared cheque. What is the correct bank reconciliation statement?

Answer Options

A. ₦250,000
Correct Answer B. ₦265,000
C. ₦275,000
D. ₦285,000
Correct Answer
B
Correct Option:
₦265,000

About This Question

This is Post Utme Summit University 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support