Neco Model Questions Vol1 2020 Financial Accounting Question 5
Practice objective / multiple choice question 5 from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
ABC Ltd. has a cash book balance of \(₦175,500\) and a bank statement balance of \(₦180,000\). The following items are noted: - Outstanding checks: \(₦4,200\) - Deposits in transit: \(₦3,800\) - The bank omitted a deposit of \(₦2,500\) in its statement. - A bank service charge of \(₦150\) and interest earned of \(₦100\) have already been recorded in the cash book. - A cheque of \(₦1,200\) was recorded as \(₦12,000\) in the cash book. After making all necessary adjustments, what is the amount of unreconciled difference between the adjusted cash book and the adjusted bank statement balances?
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About This Question
This is Neco Model Questions Vol1 2020 Financial Accounting Question 5. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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