Post Utme Veritas University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_VERITAS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions in its bank reconciliation statement: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1/1 | Bank balance | 10,000 | 0 | | 1/2 | Cheque deposited | 0 | 8,000 | | 1/3 | Bank charges | 0 | 1,000 | | 1/4 | Cheque returned | 0 | 2,000 | What is the correct bank balance at the end of the month?

Answer Options

A. ₦19,000
B. ₦21,000
Correct Answer C. ₦23,000
D. ₦25,000
Correct Answer
C
Correct Option:
₦23,000

About This Question

This is Post Utme Veritas University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Veritas University Accounting examination.

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