Post Utme Unn 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Unn Accounting examination.

Post Utme Unn 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNN • 2023 • ACCOUNTING • objective

A company has the following transactions affecting its bank account: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Cash deposited into bank | 10,000 | 0 | | 2 Jan | Cheque issued to supplier | 0 | 5,000 | | 3 Jan | Cash withdrawn from bank | 0 | 3,000 | | 4 Jan | Cheque deposited into bank | 8,000 | 0 | What is the balance of the bank account on 4 Jan?

Answer Options

A. ₦10,000
B. ₦12,000
Correct Answer C. ₦15,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Unn 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Unn Accounting examination.

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