Neco Model Questions Vol1 2024 Financial Accounting Question 12
Practice objective / multiple choice question 12 from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
A business has a cash book balance of \(850,000\) Naira and a bank statement balance of \(820,000\) Naira at month‑end. The following items are identified:\n\nOutstanding cheques: \(45,000\) Naira\nDeposits in transit: \(74,300\) Naira\nBank service charges of \(2,500\) Naira (not yet recorded in the cash book)\nInterest earned of \(1,800\) Naira (not yet recorded in the cash book)\nA cheque of \(12,000\) Naira was incorrectly credited by the bank.\n\nPrepare the bank reconciliation and state the adjusted cash book balance after all adjustments.
Answer Options
About This Question
This is Neco Model Questions Vol1 2024 Financial Accounting Question 12. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.