Post Utme Veritas University 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 11 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the single-entry system of accounting. The company's cash book shows a balance of ₦150,000. The company's bank statement shows a balance of ₦120,000. What is the amount of the bank overdraft?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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