Waec Model Questions Vol1 2018 Financial Accounting Question 34
Practice objective / multiple choice question 34 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
The cash book shows a debit balance of ₦250,000. The bank statement balance is ₦240,000. The following items are identified: - Outstanding checks amounting to ₦15,000. - Deposits in transit amounting to ₦8,000. - Bank service charge of ₦2,000 not yet recorded in the cash book. - A customer's cheque was recorded in the cash book as ₦50,000 instead of the correct amount ₦5,000. Prepare the bank reconciliation and state the corrected cash book balance.
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 34. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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