Waec Model Questions Vol1 2019 Financial Accounting Question 45
Practice objective / multiple choice question 45 from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
A cash book shows an opening balance of ₦12,000. The following entries were posted: - Receipts: cash sales ₦25,000 and another receipt ₦2,000. - Payments: rent ₦5,000, utilities recorded as ₦30,000 (the correct amount should be ₦3,000), and wages ₦4,000. A receipt of ₦1,200 was omitted from the cash book. Calculate the corrected closing balance.
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About This Question
This is Waec Model Questions Vol1 2019 Financial Accounting Question 45. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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