Post Utme Summit University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's bank statement for the month of January 2023 shows the following: Opening Balance: ₦ 50,000, Deposits: ₦ 100,000, and Withdrawals: ₦ 80,000. What is the closing balance?

Answer Options

A. ₦ 70,000
B. ₦ 80,000
Correct Answer C. ₦ 90,000
D. ₦ 100,000
Correct Answer
C
Correct Option:
₦ 90,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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