Neco Model Questions Vol1 2024 Financial Accounting Question 30
Practice objective / multiple choice question 30 from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
A cash book for the month opened with a debit balance of \(20,000\). The following transactions were recorded:\n\n1. Cash sales - receipt \(15,000\)\n2. Rent paid - payment \(5,000\)\n3. Loan received from bank - receipt \(10,000\)\n4. Utilities paid - payment \(2,500\)\n5. Interest received - receipt \(1,200\)\n6. Payment to supplier A - payment \(4,800\)\n7. Payment to supplier B - payment \(3,200\)\n8. Receipt from a customer of \(6,000\) was entered twice.\n9. Receipt from another customer of \(2,500\) was omitted.\n\nWhat is the corrected closing cash balance for the month?
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This is Neco Model Questions Vol1 2024 Financial Accounting Question 30. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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