Post Utme Veritas University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's cash book shows a balance of ₦ 15,000. The bank statement shows a balance of ₦ 20,000. The company's cash book also shows a credit balance of ₦ 5,000 in the bank column. What is the correct balance in the cash book?

Answer Options

A. ₦ 20,000
Correct Answer B. ₦ 25,000
C. ₦ 30,000
D. ₦ 35,000
Correct Answer
B
Correct Option:
₦ 25,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Veritas University 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