Waec Model Questions Vol1 2023 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
The cash book (bank column) shows a debit balance of ₦150,000 at month‑end. The bank statement for the same date shows a debit balance of ₦120,000. The following items are identified: outstanding checks amounting to ₦25,000; deposits in transit amounting to ₦10,000; bank charges of ₦2,000 not yet recorded in the cash book; interest earned of ₦1,500 not yet recorded. After making all necessary adjustments, what should be the corrected balance in the cash book?
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About This Question
This is Waec Model Questions Vol1 2023 Financial Accounting Question 9. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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