Gce Model Questions Vol1 2025 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
At 31 March, the cash book of ABC Ltd shows a balance of Dr \(45{,}800\). The bank statement for the same date shows a balance of Dr \(48{,}200\). The following items are identified: Deposits in transit: \(3{,}500\); Outstanding checks: \(4{,}200\); Bank service charges not yet recorded: \(120\); Bank interest earned not yet recorded: \(250\); A cheque for \(1{,}570\) was omitted from the cash book. After reconciling, what should be the corrected cash‑book balance?
Answer Options
About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 24. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.