Gce Model Questions Vol1 2019 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a closing cash balance of \(\text{₦}85{,}000\). The bank statement for the same date shows a balance of \(\text{₦}78{,}000\). The following items are identified: (i) Deposits in transit of \(\text{₦}5{,}200\), (ii) Bank charges of \(\text{₦}300\) not yet recorded in the cash book, (iii) A customer's cheque of \(\text{₦}1{,}800\) that has been recorded in the cash book but not yet cleared, and (iv) A payment of \(\text{₦}2{,}500\) that was recorded as a debit instead of a credit in the cash book. After adjusting the cash book for all items, what is the corrected cash book balance?
Answer Options
About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 24. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.