Post Utme Unilag 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company's cash book shows a balance of ₦50,000. The bank statement shows a balance of ₦60,000. The difference is due to an outstanding cheque of ₦10,000. What is the correct balance in the cash book?

Answer Options

Correct Answer A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Unilag 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Unilag 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