Waec Model Questions Vol1 2019 Financial Accounting Question 27
Practice objective / multiple choice question 27 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of a sole trader shows a Cash balance of ₦25,000 (debit). During the month the following posting errors were made: (i) a payment of ₦7,000 to a supplier was debited to Rent Expense instead of being credited to Cash; (ii) a cash receipt of ₦4,000 from a customer was omitted from the Cash account but correctly debited to Accounts Receivable; (iii) a purchase of ₦5,000 was posted correctly, but the corresponding credit to Accounts Payable was omitted. After correcting all errors, what is the corrected balance of the Cash account?
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 27. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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