Waec Model Questions Vol1 2018 Commerce Question 7
Practice objective / multiple choice question 7 from the 2018 Waec Model Questions Vol1 Commerce examination.
A business's cash book shows a debit balance of ₦45,600. The bank statement closing balance is a credit of ₦44,800. The following items are noted: outstanding checks amount to ₦3,200; deposits in transit amount to ₦2,500; the bank charged ₦150 for service fees which have not been recorded in either the cash book or the bank statement; a cheque of ₦1,200 was mistakenly recorded in the cash book as ₦2,100; and a cheque of ₦600 was omitted from the cash book. After making all necessary adjustments, what is the corrected cash book balance?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 7. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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