Waec Model Questions Vol1 2019 Financial Accounting Question 20
Practice objective / multiple choice question 20 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
At 30 September, the cash book shows a balance of ₦250,000. The bank statement for the same date shows a balance of ₦260,000. The following items are noted:\n- Outstanding checks: ₦18,000\n- Deposits in transit: ₦12,000\n- Bank service charges: ₦1,800 (deducted by the bank)\n- Interest earned: ₦800 (added by the bank)\n- A note receivable of ₦5,000 was collected by the bank but not yet recorded in the cash book.\nWhat is the cash balance after preparing the bank reconciliation statement?
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 20. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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