Post Utme Madonna University 2025 Accounting Question 1
Practice objective / multiple choice question 1 from the 2025 Post Utme Madonna University Accounting examination.
A company's cash book shows a balance of ₦125,000. However, the bank statement shows a balance of ₦120,000. The bank reconciliation statement reveals that there are 50 outstanding checks totaling ₦5,000 and 20 deposits in transit totaling ₦10,000. What is the correct balance in the company's cash book?
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About This Question
This is Post Utme Madonna University 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.
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