Post Utme Coal City University 2020 Accounting Question 16
Practice objective / multiple choice question 16 from the 2020 Post Utme Coal City University Accounting examination.
A company's cash book shows a balance of ₦150,000, but the bank statement shows a balance of ₦120,000. The bank charges a service fee of ₦5,000 and a minimum balance fee of ₦2,000. The company's cash book also shows a deposit of ₦20,000 and a withdrawal of ₦30,000. What is the correct balance in the company's cash book after reconciliation?
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About This Question
This is Post Utme Coal City University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.
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