Neco Model Questions Vol1 2020 Financial Accounting Question 27
Practice objective / multiple choice question 27 from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
The cash book shows a balance of \(\text{₦}84,000\). The bank statement balance is \(\text{₦}81,000\). Outstanding checks total \(\text{₦}400\) and deposits in transit total \(\text{₦}3,000\). The bank charged a service fee of \(\text{₦}150\) that was not recorded in the cash book. A cheque for \(\text{₦}1,250\) was recorded in the cash book as \(\text{₦}1,050\). What is the corrected cash book balance after all adjustments?
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About This Question
This is Neco Model Questions Vol1 2020 Financial Accounting Question 27. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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