Post Utme Abu 2017 Accounting Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Abu Accounting examination.
A company uses the cash book to record its transactions. The cash book shows a balance of ₦50,000 on December 31. The bank statement shows a balance of ₦60,000 on December 31. The company's accountant has prepared a bank reconciliation statement, which shows that the difference between the cash book balance and the bank statement balance is due to an outstanding cheque of ₦5,000. What is the correct balance of the company's cash account on December 31?
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About This Question
This is Post Utme Abu 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Abu Accounting examination.
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