Neco 2021 Financial Accounting Question 12
Practice objective / multiple choice question 12 from the 2021 Neco Financial Accounting examination.
The cash book shows a balance of N250,000 as at 31 December. The bank statement balance for the same date is N240,000. Outstanding checks total N15,000 and deposits in transit total N8,000. The bank charged a service fee of N1,200 that has not been recorded in the cash book. A cheque was entered in the cash book for N5,000 but the actual amount paid was N5,500. Determine the corrected cash book balance after all adjustments.
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About This Question
This is Neco 2021 Financial Accounting Question 12. It is one of the objective questions from the 2021 Neco Financial Accounting examination.
Difficulty level: Medium .
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