Gce Model Questions Vol1 2019 Financial Accounting Question 16
Practice objective / multiple choice question 16 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a closing debit balance of \(150,000\). The bank statement shows a closing debit balance of \(145,000\). The following items are identified: outstanding cheques of \(12,000\), deposits in transit of \(8,000\), a bank service charge of \(1,500\) not recorded in the cash book, a cheque recorded as \(5,000\) instead of the correct amount \(3,000\), and a cash receipt of \(2,000\) omitted from the cash book. What should be the corrected cash book balance after adjusting for all errors and omissions?
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 16. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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