Gce Model Questions Vol1 2024 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a closing cash balance of \(£9,800\). The bank statement shows a closing balance of \(£10,200\). Outstanding checks total \(£1,200\) and deposits in transit total \(£800\). The bank also mistakenly charged a customer's cheque of \(£350\) to the company's account. What is the corrected cash‑book balance after reconciling these items?
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About This Question
This is Gce Model Questions Vol1 2024 Financial Accounting Question 24. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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