Neco Model Questions Vol1 2017 Financial Accounting Question 34
Practice objective / multiple choice question 34 from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
The cash book of a business shows a balance of (5600000). The bank statement balance is (5800000). Deposits in transit amount to (420000) and outstanding checks total (310000). The bank has charged a fee of (15000) not yet recorded in the cash book, and a cheque issued for (85000) was mistakenly recorded as (58000) in the cash book. After adjusting for these items, what is the corrected cash book balance?
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About This Question
This is Neco Model Questions Vol1 2017 Financial Accounting Question 34. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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