Post Utme Unn 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A firm has a cash book balance of ₦50,000 and a bank statement balance of ₦60,000. The bank statement shows a credit balance of ₦5,000 for a dishonored cheque. The firm's cash book shows a debit balance of ₦3,000 for a bank overdraft. What is the correct balance of the firm's cash book?

Answer Options

A. ₦48,000
B. ₦52,000
C. ₦55,000
Correct Answer D. ₦58,000
Correct Answer
D
Correct Option:
₦58,000

About This Question

This is Post Utme Unn 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Unn 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