Waec Model Questions Vol1 2020 Financial Accounting Question 29
Practice objective / multiple choice question 29 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
The cash book shows a balance of ₦640,000 as at 30 June. The bank statement for the same date shows a balance of ₦660,000. Deposits in transit total ₦22,000 and there are two outstanding cheques of ₦15,000 each. The bank made an error by recording a cheque of ₦8,000 as ₦80,000. Bank charges of ₦1,500 have not been recorded in the cash book, and a customer's direct deposit of ₦12,000 appears on the bank statement but not in the cash book. What is the corrected cash book balance after all necessary adjustments?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 29. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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