Gce Model Questions Vol1 2017 Financial Accounting Question 49
Practice objective / multiple choice question 49 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
The company's cash book shows a balance of £12,000 on 31 March. The bank statement for the same date shows a balance of £12,650. The following items are known: - Outstanding checks total £1,200. - Deposits in transit total £800. - The bank charged a fee of £50 that has not yet been recorded in the cash book. - The bank mistakenly credited £300 to the company's account that belongs to another customer. - A customer's cheque of £400 was deposited and recorded in the cash book but later bounced. After reconciling, what is the corrected cash‑book balance?
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 49. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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