Waec Model Questions Vol1 2019 Commerce Question 4
Practice objective / multiple choice question 4 from the 2019 Waec Model Questions Vol1 Commerce examination.
At month‑end, a company's cash book shows a balance of ₦2,350,000. The bank statement balance is ₦2,500,000. The following items are noted: (i) deposits in transit of ₦150,000 not yet reflected in the bank statement; (ii) outstanding checks totalling ₦120,000; (iii) bank service charges of ₦5,000 not recorded in the cash book; (iv) a note receivable of ₦80,000 collected by the bank but not yet recorded by the company. What is the corrected cash book balance after reconciliation?
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About This Question
This is Waec Model Questions Vol1 2019 Commerce Question 4. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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