Waec Model Questions Vol1 2017 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
A company's cash book shows a balance of ₦150,000. The bank statement balance is ₦138,500. The following items are identified: - Outstanding checks: three checks of ₦8,000, ₦5,000 and an unknown amount X. The total of the outstanding checks is ₦20,000. - Deposits in transit: ₦7,500 and ₦4,500. - Bank service charge of ₦1,200 not recorded in the cash book. - Bank incorrectly credited a refund of ₦2,500 which the cash book did not record. What is the adjusted cash book balance after incorporating all items that affect the cash book?
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 31. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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