Waec Model Questions Vol1 2021 Financial Accounting Question 5
Practice objective / multiple choice question 5 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The cash book's bank column shows a closing balance of ₦25,000. The bank statement for the same date shows a balance of ₦18,000. The following items have not yet been recorded in the cash book: bank charges of ₦500 and interest earned of ₦200. Deposits in transit amount to ₦4,000 and outstanding checks total ₦3,500. After adjusting the cash book for the unrecorded bank charges and interest, what is the corrected cash book balance in the bank column?
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 5. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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