Gce Model Questions Vol1 2024 Financial Accounting Question 19
Practice objective / multiple choice question 19 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
The cash book for the month shows a closing balance of \(\text{₦}12,000\). The bank statement for the same period shows a closing balance of \(\text{₦}28,000\). The following items are known: \n- Outstanding checks: \(\text{₦}6,000\)\n- Deposits in transit: \(\text{₦}4,000\)\n- Bank charges of \(\text{₦}1,500\) have not been recorded in the cash book.\n- An amount of cash received from a customer was omitted from the cash book (the amount is unknown).\n\nDetermine the amount of the omitted cash receipt that will reconcile the cash book with the bank statement.
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This is Gce Model Questions Vol1 2024 Financial Accounting Question 19. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Hard .
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