Gce Model Questions Vol1 2021 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
The cash‑book (bank side) of a company shows a closing balance of \(48{,}500\) £. The bank statement for the same date shows a balance of \(52{,}300\) £. The following items are noted:\n\n- A cheque of \(3{,}200\) £ issued by the company was recorded in the cash‑book but has not yet been presented to the bank.\n- A customer's cheque of \(5{,}600\) £ was collected by the bank but not recorded in the cash‑book.\n- Bank service charges of \(120\) £ appear on the statement but not in the cash‑book.\n- A receipt of \(2{,}400\) £ was entered in the cash‑book as \(2{,}040\) £.\n\nAfter adjusting both the cash‑book and the bank statement, what should be the corrected cash‑book balance?
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About This Question
This is Gce Model Questions Vol1 2021 Financial Accounting Question 44. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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