Waec Model Questions Vol1 2018 Financial Accounting Question 49
Practice objective / multiple choice question 49 from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
At 31 March the cash book shows a balance of ₦85,000. The bank statement balance is ₦80,000. The following items are identified: - Deposits in transit: ₦5,000 - Outstanding checks: ₦3,000 and ₦2,000 - Bank service charge not yet recorded: ₦250 - Customer's cheque returned NSF (not yet recorded): ₦1,500 - The bank incorrectly credited the account with ₦800. - The bank collected a note receivable on behalf of the company for ₦1,200 (not yet recorded). What is the corrected cash book balance after all adjustments?
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About This Question
This is Waec Model Questions Vol1 2018 Financial Accounting Question 49. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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