Waec Model Questions Vol1 2021 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of a company shows a debit balance of ₦85,000. The bank statement balance is ₦87,500. The following items are identified: - Outstanding checks: ₦12,000 (three checks). - Deposits in transit: ₦6,500. - Bank service fee of ₦800 not yet recorded in the cash book. - A customer's cheque of ₦2,200 was returned dishonoured; it had been recorded as received in the cash book. Prepare the bank reconciliation and state the corrected cash‑book balance after making the necessary entries.
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 9. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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