Post Utme Aaua 2024 Accounting Question 21
Practice objective / multiple choice question 21 from the 2024 Post Utme Aaua Accounting examination.
A company's trading account for the year ended 31st December 2023 shows a profit of ₦1,500,000. The balance on the debit side of the cash book is ₦2,500,000 and the balance on the credit side is ₦3,000,000. The bank statement shows a balance of ₦2,800,000. The bank reconciliation statement shows a difference of ₦50,000 due to an outstanding cheque. Calculate the bank's interest on the overdraft for the year.
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About This Question
This is Post Utme Aaua 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Aaua Accounting examination.
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