Neco Model Questions Vol1 2018 Financial Accounting Question 38

A business's cash book shows a closing balance of \(\text{₦}180,000\). Its bank statement for the same date shows a closing balance of \(\text{₦}165,000\). The cash book records total deposits of \(\text{₦}250,000\) and total withdrawals of \(\text{₦}220,000\). The bank statement records total deposits of \(\text{₦}240,000\) and total withdrawals of \(\text{₦}225,000\). The cash book omitted recording a direct‑debit bank fee of amount X and a standing‑order payment of amount Y. A cheque of \(\text{₦}10,000\) issued by the business was returned unpaid; it is recorded in the cash book but not on the bank statement. Assuming the reconciliation after adjusting for these items results in equal balances, find the combined amount X + Y of the unrecorded bank fees.