Post Utme Summit University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's incomplete records show a total of ₦500,000 in cash and bank. However, the company's accountant estimates that the total cash and bank balance is ₦750,000. What is the difference between the two balances?

Answer Options

A. ₦125,000
B. ₦250,000
Correct Answer C. ₦375,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦375,000

About This Question

This is Post Utme Summit University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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