Gce Model Questions Vol1 2020 Financial Accounting Question 32
Practice objective / multiple choice question 32 from the 2020 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a cash at bank balance of \(₦15,800\). The bank statement for the same date shows a balance of \(₦16,200\). The following reconciling items are identified: outstanding checks totalling \(₦1,200\), deposits in transit totalling \(₦500\), and a bank error where a cheque of \(₦100\) was credited to the account by mistake. What is the adjusted cash at bank balance that should appear in the cash book after reconciliation?
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About This Question
This is Gce Model Questions Vol1 2020 Financial Accounting Question 32. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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