Neco Model Questions Vol1 2024 Financial Accounting Question 19
Practice objective / multiple choice question 19 from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
The cash book shows a closing cash balance of ₦46,000. The bank statement balance at the same date is ₦48,500. The following items are identified: (i) a bank service fee of ₦150 not recorded in the cash book; (ii) a cheque of ₦1,200 was entered twice in the cash book; (iii) a cash receipt of ₦3,150 was omitted from the cash book; (iv) outstanding checks total ₦3,200; (v) deposits in transit total ₦2,500. Determine the corrected cash book balance after all adjustments.
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About This Question
This is Neco Model Questions Vol1 2024 Financial Accounting Question 19. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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