Waec Model Questions Vol1 2020 Commerce Question 25
Practice objective / multiple choice question 25 from the 2020 Waec Model Questions Vol1 Commerce examination.
A business's cash book shows a closing balance of ₦1,250,000. The bank statement for the same period shows a balance of ₦1,300,000. The following items must be considered:\n- Outstanding checks: ₦10,000.\n- Deposits in transit: ₦20,000.\n- Bank service charges of ₦5,000 (already recorded in the cash book).\n- A direct debit of ₦12,000 not yet recorded in the cash book.\n- An error where a cheque of ₦8,000 was entered as ₦80,000 in the cash book.\nDetermine the corrected cash book balance after all adjustments.
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 25. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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