Gce Model Questions Vol1 2024 Financial Accounting Question 14
Practice objective / multiple choice question 14 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
The cash book (two‑column) shows an opening bank balance of \( \text{₦}8{,}000 \) (debit). Recorded receipts are cash sales of \( \text{₦}5{,}000 \) and a bank deposit of \( \text{₦}3{,}000 \) (the deposit was omitted from the cash book). Recorded payments are rent \( \text{₦}2{,}000 \), a supplier payment of \( \text{₦}1{,}500 \) that was entered twice, and bank charges of \( \text{₦}200 \). What is the corrected cash‑book closing balance after adjusting for the duplicate supplier payment and the omitted bank deposit?
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About This Question
This is Gce Model Questions Vol1 2024 Financial Accounting Question 14. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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