Gce Model Questions Vol1 2022 Financial Accounting Question 43
Practice objective / multiple choice question 43 from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
A cash book shows a closing cash balance of £(8500). The bank statement for the same date shows a closing balance of £(9200). Outstanding cheques total £(1200) and deposits in transit total £(500). The bank made an error by crediting the account £(300) too much. After reconciling, what should be the corrected cash book balance?
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About This Question
This is Gce Model Questions Vol1 2022 Financial Accounting Question 43. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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