Waec Model Questions Vol1 2019 Financial Accounting Question 41
Practice objective / multiple choice question 41 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
A company's cash book shows a balance of ₦152,500 and the bank statement shows a balance of ₦150,000. The following items are noted: - Outstanding checks: ₦5,200, an unknown amount X, and ₦3,800. The total of all outstanding checks is ₦12,000. - Deposits in transit: ₦7,500 and an unknown amount Y. The total of all deposits in transit is ₦10,000. - A bank error: a cheque of ₦2,000 was incorrectly credited to another account. - Bank service charge of ₦500 not recorded in the cash book. Determine the adjusted cash book balance after correcting all items.
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 41. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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