Gce Model Questions Vol1 2017 Financial Accounting Question 30
Practice objective / multiple choice question 30 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
XYZ Ltd's cash book balance on 30 September is £3,850 and the bank statement balance is £4,020. The following items are noted: - Outstanding cheques total £1,050. - Deposits in transit total £620. - Bank charges of £45 have not been recorded in the cash book. - Interest earned of £30 has not been recorded in the cash book. - A cheque for £200 was entered twice in the cash book. - The bank omitted a credit of £445 from the statement. After performing the bank reconciliation, what should be the corrected cash‑book balance?
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 30. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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