Waec Model Questions Vol1 2018 Financial Accounting Question 46
Practice objective / multiple choice question 46 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
The cash book for June shows an opening cash balance of ₦12,500. During the month the following cash transactions were recorded: - Cash sales: ₦45,800 - Loan received: ₦10,000 - Customer payment on account: ₦8,200 - Rent paid: ₦12,000 - Salaries paid: ₦15,500 - Purchase of inventory paid: ₦22,300 - A payment of ₦5,000 was mistakenly recorded twice. In addition, a cash receipt of ₦3,600 was omitted from the book. What is the corrected closing cash balance for June?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 46. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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