Gce Model Questions Vol1 2024 Financial Accounting Question 49
Practice objective / multiple choice question 49 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
The cash book (bank column) of ABC Co shows an opening balance of \(5{,}000\), cash receipts (deposits) of \(22{,}000\), cash payments (withdrawals) of \(18{,}000\) and a closing balance of \(9{,}000\). The bank statement for the same period shows an opening balance of \(5{,}500\), deposits of \(21{,}500\), withdrawals of \(18{,}500\) and a closing balance of \(8{,}500\). The following items have not been recorded in the cash book: two unpresented cheques totalling \(800\), a bank charge of \(50\), and interest of \(120\) credited by the bank. After adjusting the cash book for the unrecorded items, what should be the corrected cash‑book balance?
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About This Question
This is Gce Model Questions Vol1 2024 Financial Accounting Question 49. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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