Post Utme Uniben 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company has the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1st Jan | Cash | 10,000 | | | 1st Jan | Bank | | 10,000 | | 15th Jan | Cash | 5,000 | | | 15th Jan | Bank | | 5,000 | | 20th Jan | Cash | | 8,000 | | 20th Jan | Bank | 8,000 | | What is the correct balance in the cash account?

Answer Options

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

About This Question

This is Post Utme Uniben 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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