Neco Model Questions Vol1 2024 Financial Accounting Question 29
Practice objective / multiple choice question 29 from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
The cash book shows a cash balance of \(150,000\) (debit). The bank statement balance as at the same date is \(145,000\). The following items are identified:\n\n- Outstanding checks amounting to \(12,000\).\n- Deposits in transit of \(8,000\).\n- Bank service fee of \(1,200\) not yet recorded in the cash book.\n- A cheque of \(5,000\) deposited by the company was returned unpaid and not yet recorded.\n- The bank erroneously credited the account with \(2,500\) belonging to another customer.\n\nAfter adjusting the cash book for the items not yet recorded, what is the corrected cash book balance?
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About This Question
This is Neco Model Questions Vol1 2024 Financial Accounting Question 29. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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