Gce Model Questions Vol1 2025 Financial Accounting Question 15
Practice objective / multiple choice question 15 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
The cash book shows a closing balance of \(\text{₦}45,000\). The bank statement shows a closing balance of \(\text{₦}48,000\). The following items relate to the period:\n- A cheque of \(\text{₦}5,000\) was issued and recorded in the cash book but has not yet been presented to the bank.\n- A cash deposit of \(\text{₦}3,000\) made on the last day of the month was not recorded in the cash book.\n- The bank charged a service fee of \(\text{₦}200\) which was not recorded in the cash book.\n- A customer's cheque of \(\text{₦}2,500\) was dishonoured and returned by the bank; it had been credited to the cash book.\nPrepare the bank reconciliation and state the corrected cash‑book balance after all adjustments.
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 15. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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