Post Utme Madonna University 2024 Accounting Question 4
Practice objective / multiple choice question 4 from the 2024 Post Utme Madonna University Accounting examination.
A company's bank reconciliation statement for the year ended 31st December 2023 is as follows: Bank Statement: ₦1,500,000 (Opening Balance) ₦500,000 (Deposits) ₦1,000,000 (Withdrawals) ₦2,000,000 (Closing Balance) Cash Book: ₦1,000,000 (Opening Balance) ₦500,000 (Deposits) ₦1,000,000 (Withdrawals) ₦1,500,000 (Closing Balance) What is the reason for the discrepancy between the bank statement and the cash book?
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About This Question
This is Post Utme Madonna University 2024 Accounting Question 4. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.
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