Waec Model Questions Vol1 2020 Financial Accounting Question 13
Practice objective / multiple choice question 13 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
A firm's cash book shows a debit balance of ₦85,000. The following items are identified during bank reconciliation: 1. A receipt of ₦2,400 was recorded twice in the cash book. 2. Bank charges of ₦1,150 have been deducted by the bank but not yet recorded in the cash book. 3. Deposits in transit amount to ₦3,800. 4. Outstanding checks total ₦5,200. 5. The bank statement shows a credit balance of ₦82,850. After making all necessary adjustments, what should be the corrected cash‑book balance?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 13. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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