Neco Model Questions Vol1 2025 Financial Accounting Question 21
Practice objective / multiple choice question 21 from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
A company's cash book shows a balance of \(\₦152,500\). The bank statement balance is \(\₦150,000\). The following items are known: deposits in transit \(\₦8,000\), outstanding checks \(\₦5,500\), a bank service charge of \(\₦1,200\) not yet recorded, a customer's cheque returned NSF for \(\₦3,000\) not yet recorded, and the bank mistakenly credited the account with \(\₦2,000\) that should have been debited. After making all necessary adjustments, what is the corrected cash‑book balance?
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About This Question
This is Neco Model Questions Vol1 2025 Financial Accounting Question 21. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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