Gce Model Questions Vol1 2017 Financial Accounting Question 21
Practice objective / multiple choice question 21 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
A business's cash book shows a closing cash balance of \(\text{₦}45,000\). The bank statement balance at the same date is \(\text{₦}48,500\). The following discrepancies have been identified: - A cheque of \(\text{₦}5,200\) was recorded in the cash book but was later returned by the bank as dishonoured. - A cash receipt of \(\text{₦}3,600\) was omitted from the cash book but appears on the bank statement as a direct credit. - Bank charges of \(\text{₦}150\) were deducted by the bank and not recorded in the cash book. - A payment was entered as \(\text{₦}3,250\) instead of the correct amount \(\text{₦}2,350\). After adjusting the cash book for all of the above, what is the corrected cash‑book balance?
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 21. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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