Gce Model Questions Vol1 2023 Financial Accounting Question 39
Practice objective / multiple choice question 39 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
A cash book shows a closing cash balance of £5,200 and a closing bank balance of £12,800. The bank statement for the same date shows a balance of £13,500. Outstanding checks total £1,200 and deposits in transit total £800. In addition, a cash receipt of £1,500 was mistakenly recorded as £1,050. Determine the corrected cash‑book bank balance after all adjustments.
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About This Question
This is Gce Model Questions Vol1 2023 Financial Accounting Question 39. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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