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ICPAU ATD Practice Questions - ICPAU Accounting Technicians Diploma ATD Exam

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A business receives a bank statement showing a balance of UGX 1,800,000. However, the cash book shows a different balance. Upon investigation, it is found that unpresented checks total UGX 450,000 and uncredited deposits total UGX 300,000. What is the corrected balance to be shown on the bank reconciliation statement starting from the bank statement balance?
Correct Answer:
UGX 1,650,000

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