Waec Model Questions Vol1 2018 Financial Accounting Question 13
Practice objective / multiple choice question 13 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of a company shows a closing cash balance of ₦85,000. The bank statement for the same period shows a closing balance of ₦78,000. The following items are identified: - Outstanding checks: ₦12,000 - Deposits in transit: ₦5,000 - Bank service charge not yet recorded in the cash book: ₦1,200 - Interest earned on the bank balance not yet recorded in the cash book: ₦800 What should be the corrected cash book balance after adjusting for these items?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 13. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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