Neco 2019 Financial Accounting Question 33
Practice objective / multiple choice question 33 from the 2019 Neco Financial Accounting examination.
The cash book of ABC Co. shows a balance of ₦85,000. The bank statement balance is ₦78,500. Outstanding checks total ₦12,000 and deposits in transit total ₦5,500. The bank charged ₦800 for services that were not recorded in the cash book. A customer's cheque of ₦2,200 was mistakenly entered in the cash book as ₦2,020. Prepare the bank reconciliation and state the adjusted cash‑book balance.
Answer Options
About This Question
This is Neco 2019 Financial Accounting Question 33. It is one of the objective questions from the 2019 Neco 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.