Gce Model Questions Vol1 2018 Financial Accounting Question 25
Practice objective / multiple choice question 25 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
At month‑end the cash book shows a balance of \(£4,310\). The bank statement balance is \(£5,000\). The following items need to be considered:\n\n- Outstanding checks amount to \(£800\).\n- Deposits in transit total \(£200\).\n- The bank charged a service fee of \(£30\) that has not been recorded in the cash book.\n- A receipt from a customer for \(£300\) was mistakenly entered in the cash book as \(£150\).\n\nAfter adjusting for all of the above, what is the adjusted cash book balance?
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About This Question
This is Gce Model Questions Vol1 2018 Financial Accounting Question 25. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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