Post Utme Al Hikmah University 2020 Accounting Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Al Hikmah University Accounting examination.
A company uses a bank reconciliation statement to reconcile its bank account. The statement shows the following balances: Cash, ₦100,000; Bank, ₦50,000; and Outstanding Checks, ₦20,000. If the company's bank statement shows a balance of ₦70,000, what is the reason for the difference?
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About This Question
This is Post Utme Al Hikmah University 2020 Accounting Question 14. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.
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