Gce Model Questions Vol1 2018 Financial Accounting Question 11
Practice objective / multiple choice question 11 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
The cash book for the month shows an opening balance of \(5{,}000\) (debit). During the month the following transactions were recorded: - Cash sales: \(12{,}000\) - Loan received: \(3{,}000\) - Rent paid: \(2{,}500\) - Utilities paid: \(800\) - Purchase of inventory: \(4{,}200\) One cheque of \(1{,}200\) was mistakenly entered on the receipt side instead of the payment side. After correcting this error, what is the closing cash‑book balance (debit) at month end?
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About This Question
This is Gce Model Questions Vol1 2018 Financial Accounting Question 11. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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