Waec Model Questions Vol1 2020 Financial Accounting Question 16
Practice objective / multiple choice question 16 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
A company's cash book shows a balance of ₦152,500. The bank statement balance is ₦150,000. The following items are identified: - Outstanding checks: Check #101 for ₦5,200, Check #102 for ₦3,800, and a third check whose amount is not shown. The total of all outstanding checks is ₦12,000. - Deposits in transit: ₦4,500. - Bank error: the bank charged a service fee of ₦1,200 instead of the correct ₦800. - A customer's cheque of ₦8,000 was returned unpaid. What is the adjusted cash book balance after performing the bank reconciliation?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 16. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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