Neco 2023 Financial Accounting Question 27
Practice objective / multiple choice question 27 from the 2023 Neco Financial Accounting examination.
ABC Ltd. has a cash book balance of ₦85,000 and a bank statement balance of ₦78,500 at month‑end. The following items are known: deposits in transit = ₦4,500; outstanding checks = ₦12,000; bank service charges = ₦300; interest earned = ₦200. The bank statement also contains a single error where a cheque was credited to the account erroneously. Determine the amount of this bank error.
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About This Question
This is Neco 2023 Financial Accounting Question 27. It is one of the objective questions from the 2023 Neco Financial Accounting examination.
Difficulty level: Medium .
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