Gce Model Questions Vol1 2025 Financial Accounting Question 20
Practice objective / multiple choice question 20 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
The cash book of ABC Co shows a balance of £5,200. The bank statement balance is £5,500. Outstanding checks total £800 and deposits in transit amount to £300. The bank has charged a service fee of £20 which has not yet been recorded in the cash book. A cheque for £1,180 was mistakenly recorded in the cash book as £1,360 (an over‑statement of £180); the cheque has been presented and appears on the bank statement for the correct amount. Determine the corrected cash book balance after reconciliation.
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 20. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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