Post Utme Lead City University 2023 Accounting Question 16
Practice objective / multiple choice question 16 from the 2023 Post Utme Lead City University Accounting examination.
A company uses the cash book to record all its cash transactions. The cash book shows a balance of ₦150,000. However, the bank statement shows a balance of ₦120,000. The bank charges a service fee of ₦5,000 and the company has an outstanding cheque of ₦20,000. What is the correct balance in the cash book?
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About This Question
This is Post Utme Lead City University 2023 Accounting Question 16. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.
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