Post Utme Futo 2018 Accounting Question 4
Practice objective / multiple choice question 4 from the 2018 Post Utme Futo Accounting examination.
A company uses a bank reconciliation statement to reconcile its bank statement with its cash book. The bank statement shows a balance of ₦100,000, while the cash book shows a balance of ₦120,000. The bank reconciliation statement shows a difference of ₦20,000. What is the reason for the difference?
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About This Question
This is Post Utme Futo 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Futo Accounting examination.
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