Waec Model Questions Vol1 2018 Financial Accounting Question 16
Practice objective / multiple choice question 16 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
A company's cash book shows a cash balance of ₦150,000. The bank statement for the same period shows a balance of ₦150,150. The following items are identified: - Outstanding checks: ₦3,200, ₦1,500 and ₦2,800. - Deposits in transit: ₦4,500 and ₦2,200. - Bank service charge not yet recorded: ₦350. - Customer's cheque returned NSF not yet recorded: ₦1,200. - The bank erroneously credited the account by ₦900 (the amount should not have been credited). What should be the corrected cash book balance after completing the bank reconciliation?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 16. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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