Gce Model Questions Vol1 2018 Financial Accounting Question 47
Practice objective / multiple choice question 47 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
XYZ Ltd's cash book shows a balance of \(47,500\). The bank statement balance is \(45,000\). The following items are identified: outstanding checks of \(3,200\) and \(1,500\); a deposit in transit of \(2,800\); a bank service charge of \(250\) not yet recorded in the cash book; and a cheque that was recorded in the cash book for \(1,200\) but the bank processed it for \(1,500\). What is the corrected cash book balance after all adjustments?
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About This Question
This is Gce Model Questions Vol1 2018 Financial Accounting Question 47. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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