Gce Model Questions Vol1 2019 Financial Accounting Question 12
Practice objective / multiple choice question 12 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The cash book balance on 30 June is \(£12,000\). The bank statement balance on the same date is \(£12,500\). Outstanding checks total \(£800\). Deposits in transit amount to \(£300\). The bank has charged a service fee of \(£30\) that has not been recorded in the cash book. One cheque of \(£200\) was returned NSF and is also not yet recorded. The bank mistakenly omitted a deposit of \(£150\) that is shown in the cash book. The company earned bank interest of \(£380\) which is recorded in the cash book but not in the bank statement. Calculate the corrected cash book balance after all adjustments.
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 12. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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