Post Utme Summit University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash | ₦10,000 | | | 1 Jan | Bank | | ₦20,000 | | 2 Jan | Cash | | ₦5,000 | | 2 Jan | Bank | ₦5,000 | | | 3 Jan | Cash | ₦8,000 | | | 3 Jan | Bank | | ₦8,000 | What is the balance of the cash book?

Answer Options

A. ₦3,000
Correct Answer B. ₦5,000
C. ₦7,000
D. ₦9,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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