Post Utme Summit University 2022 Accounting Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Summit University Accounting examination.
A company's cash book shows a credit balance of ₦15,000 in the cash account. However, the bank statement shows a debit balance of ₦20,000. The bank reconciliation statement shows a difference of ₦5,000 due to an outstanding cheque. What is the correct amount of cash in hand?
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About This Question
This is Post Utme Summit University 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Summit University Accounting examination.
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