Gce Model Questions Vol1 2022 Financial Accounting Question 13
Practice objective / multiple choice question 13 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
The cash book (debit side) shows a balance of £(25{,}800) at 31 March. The bank statement for the same date shows a credit balance of £(27{,}500). The following items are noted:\n- Outstanding checks: £(3{,}200)\n- Deposits in transit: £(1{,}500)\n- Bank fee not recorded in the cash book: £(120)\n- Customer's cheque returned unpaid (bounced): £(800)\n- Interest earned by the bank, not recorded in the cash book: £(2{,}000)\n- Bank error: the bank credited £(500) to the account that should have been debited.\nDetermine the adjusted cash‑book balance after making the necessary entries.
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 13. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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