Gce Model Questions Vol1 2022 Financial Accounting Question 17
Practice objective / multiple choice question 17 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
The cash book of XYZ Ltd shows a cash‑at‑bank balance of \(\text{₦}45,000\) on 31 March 2022. The following items relate to the same period: (i) A cheque for \(\text{₦}1,200\) was mistakenly recorded as \(\text{₦}1,020\); (ii) Bank charges of \(\text{₦}500\) appear on the bank statement only; (iii) Interest earned of \(\text{₦}200\) appears on the bank statement only. Determine the corrected cash‑at‑bank balance after incorporating all adjustments.
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 17. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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