Gce Model Questions Vol1 2017 Financial Accounting Question 28
Practice objective / multiple choice question 28 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
On 31 March the cash book of XYZ Ltd shows a balance of £5,620, while the bank statement balance is £5,300. The following items are identified: - Outstanding checks total £1,200. - Deposits in transit total £1,100. - A direct debit of £120 was taken by the bank but has not been recorded in the cash book. - The bank made an error, debiting the account by £150 in error. What is the adjusted cash‑book balance after reconciling these items?
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 28. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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