Gce Model Questions Vol1 2025 Financial Accounting Question 39
Practice objective / multiple choice question 39 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
A cash book has separate cash and bank columns. Opening balances are Cash £2,500 and Bank £5,000. During the month the following transactions are recorded:\n1. Cash receipt from a customer £1,200.\n2. Cash payment to a supplier £800.\n3. Transfer of £1,500 from Cash to Bank.\n4. Bank loan received £3,000.\n5. Bank overdraft interest paid £50.\nWhat are the closing balances of the Cash column, the Bank column and the total cash position at month‑end?
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 39. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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