Gce Model Questions Vol1 2023 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
The cash book of Beta Ltd shows an opening cash balance of \(4,000\) and an opening bank balance of \(6,000\). During the year cash receipts total \(85,000\) and cash payments total \(60,000\). The cash book therefore records a closing balance of \(35,000\). The bank statement for the same period shows a closing balance of \(30,000\). The following reconciling items are known: outstanding deposits \(4,000\), unpresented cheques \(1,500\), and bank charges of \(500\) that have been recorded in the cash book but not on the bank statement. Assuming no other errors, determine the amount of cash receipt that has been omitted from the cash book.
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About This Question
This is Gce Model Questions Vol1 2023 Financial Accounting Question 44. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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