Neco 2017 Financial Accounting Question 50
Practice objective / multiple choice question 50 from the 2017 Neco Financial Accounting examination.
The cash book of GHI Ltd shows a balance per books of \(\text{₦}85,000\). The bank statement balance is \(\text{₦}78,500\). The following reconciling items are identified: deposits in transit \(\text{₦}3,600\), outstanding checks \(\text{₦}4,200\), a bank service charge of \(\text{₦}150\) not yet recorded in the cash book, and a cheque entered in the cash book for \(\text{₦}2,500\) that the bank cleared for \(\text{₦}2,300\). Additionally, a cheque of \(\text{₦}6,750\) was omitted from the bank statement. What is the adjusted cash book balance after completing the bank reconciliation?
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About This Question
This is Neco 2017 Financial Accounting Question 50. It is one of the objective questions from the 2017 Neco Financial Accounting examination.
Difficulty level: Medium .
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