Post Utme Coal City University 2025 Accounting Question 40
Practice objective / multiple choice question 40 from the 2025 Post Utme Coal City University Accounting examination.
A company's bank statement as of December 31, 2025, shows a balance of ₦50,000. However, the company's cash account in the general ledger shows a balance of ₦75,000. The bank statement also shows a debit memo of ₦10,000 and a credit memo of ₦5,000. What is the correct balance of the company's cash account?
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About This Question
This is Post Utme Coal City University 2025 Accounting Question 40. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.
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