Gce Model Questions Vol1 2021 Financial Accounting Question 5
Practice objective / multiple choice question 5 from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a balance of \(£12,500\). The bank statement balance is \(£13,200\). The following items must be taken into account: - Outstanding checks: \(£1,800\) - Deposits in transit: \(£2,300\) - Bank service fee of \(£120\) not yet recorded in the cash book - A cheque was recorded in the cash book as \(£5,000\) instead of the correct \(£500\) - The bank statement includes an erroneous credit of \(£5,820\) that should be deducted Prepare a bank reconciliation statement and state the adjusted cash book balance.
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About This Question
This is Gce Model Questions Vol1 2021 Financial Accounting Question 5. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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