Neco Model Questions Vol1 2020 Financial Accounting Question 21
Practice objective / multiple choice question 21 from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
A cash book for the month shows the following data:\nOpening cash balance: \(\text{₦}8{,}000\)\nOpening bank balance: \(\text{₦}12{,}000\)\nCash receipts: \(\text{₦}22{,}000\) and an unknown cash receipt of \(x\)\nCash payments: \(\text{₦}9{,}000\) (rent) and \(\text{₦}4{,}000\) (utilities)\nBank receipts: \(\text{₦}30{,}000\) and \(\text{₦}7{,}000\)\nBank payments: \(\text{₦}15{,}000\) and an unknown bank payment of \(y\)\nClosing cash balance: \(\text{₦}20{,}000\)\nClosing bank balance: \(\text{₦}24{,}000\)\nFind the amount of the unknown cash receipt \(x\).
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About This Question
This is Neco Model Questions Vol1 2020 Financial Accounting Question 21. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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