Neco 2023 Financial Accounting Question 15
Practice objective / multiple choice question 15 from the 2023 Neco Financial Accounting examination.
The cash book for June (amounts in \u20a5) records:\n\nCash receipts:\n- 5\u00a0June: Sales cash 80,000\n- 12\u00a0June: Received from debtor 25,000\n- 20\u00a0June: Interest received 2,000\n\nCash payments:\n- 8\u00a0June: Rent paid 15,000\n- 15\u00a0June: Paid to supplier 30,000\n- 22\u00a0June: Salaries paid 20,000\n\nThe balance carried down at 30\u00a0June is shown as a debit of 12,000. The bank statement shows a closing balance of 10,500. It is known that a cheque for 1,500 was omitted from the cash book and a cash receipt of 800 was recorded twice.\n\nAfter correcting the cash book for these errors, what should be the correct cash book balance (debit) at 30\u00a0June?
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About This Question
This is Neco 2023 Financial Accounting Question 15. It is one of the objective questions from the 2023 Neco Financial Accounting examination.
Difficulty level: Medium .
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