Neco Model Questions Vol1 2017 Financial Accounting Question 18
Practice objective / multiple choice question 18 from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
Beta Ltd. has a cash book balance at bank of \(₦150,000\) (debit). The bank statement shows a balance of \(₦165,000\) (debit). Outstanding checks amount to \(₦12,000\) and deposits in transit total \(₦8,000\). Bank service charges of \(₦1,200\) and interest earned of \(₦300\) have not yet been recorded in the cash book. Determine the corrected cash book balance after all adjustments.
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About This Question
This is Neco Model Questions Vol1 2017 Financial Accounting Question 18. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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