Gce Model Questions Vol1 2019 Financial Accounting Question 9
Practice objective / multiple choice question 9 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
The cash book balance shown by the company is \(\text{₦}18,500\). The bank statement balance is \(\text{₦}20,300\). The following items are identified:\n- Outstanding checks: \(\text{₦}1,200\) and \(\text{₦}800\).\n- Deposits in transit: \(\text{₦}1,500\) and \(\text{₦}700\).\n- The bank charged a fee of \(\text{₦}50\) that has not been recorded in the cash book.\n- A cheque deposited was recorded in the cash book as \(\text{₦}2,000\) but the bank processed it for \(\text{₦}2,200\).\nAfter making all necessary adjustments, what amount must be added to the cash book balance to bring it into agreement with the bank statement?
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 9. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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