Waec Model Questions Vol1 2019 Financial Accounting Question 39
Practice objective / multiple choice question 39 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
The petty‑cash book of Beta Ltd. shows an opening balance of N5,000. During the month the following transactions were recorded: Receipts: Sales N12,000; Interest received N200. Payments: Office supplies N3,500; Utilities N1,200; Rent N2,800. At the end of the month the custodian discovers that the payment of N1,200 for utilities was entered twice. After correcting this error, what is the corrected closing balance of the petty‑cash book?
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 39. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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