Waec Model Questions Vol1 2019 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of a business shows an opening balance of ₦20,000. The following transactions were recorded: - Receipts: cash sales ₦45,000, loan received ₦10,000, and a receipt of ₦3,200 was mistakenly entered as ₦2,300. - Payments: rent ₦12,000, supplier ₦8,500, and bank interest of ₦200 was recorded twice. Additionally, a payment of ₦1,500 was omitted from the cash book. Determine the corrected closing balance of the cash book.
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 44. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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