Post Utme Unn 2022 Accounting Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 22 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company's cash book shows a balance of ₦500,000. The bank statement shows a balance of ₦600,000. The company's cash book shows a debit balance of ₦50,000 for a bank overdraft. The bank statement shows a credit balance of ₦20,000 for a bank loan. What is the correct balance of the company's cash account?

Answer Options

A. ₦550,000
Correct Answer B. ₦560,000
C. ₦570,000
D. ₦580,000
Correct Answer
B
Correct Option:
₦560,000

About This Question

This is Post Utme Unn 2022 Accounting Question 22. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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