Gce Model Questions Vol1 2025 Financial Accounting Question 48
Practice objective / multiple choice question 48 from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
The combined cash book shows opening cash balance of ₦15,000 and opening bank balance of ₦25,000. During the month the following transactions occurred (all amounts in ₦): cash sales ₦12,000; cash purchases ₦8,000; rent paid by cheque ₦5,000; bank loan received ₦20,000; cash payment to a supplier ₦3,000; an unknown amount of cash was deposited into the bank, leaving a closing cash balance of ₦6,000. What amount of cash was deposited into the bank?
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About This Question
This is Gce Model Questions Vol1 2025 Financial Accounting Question 48. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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