Waec Model Questions Vol1 2020 Financial Accounting Question 38
Practice objective / multiple choice question 38 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
At the end of the month the cash book shows a cash‑at‑bank balance of ₦85,000. The bank statement for the same date shows a balance of ₦78,000. The following items are known:\n- Outstanding checks: ₦12,000.\n- Deposits in transit: ₦9,000.\n- Bank service charges of ₦1,500 have not been recorded in the cash book.\n- Bank interest earned of ₦800 has not been recorded in the cash book.\nAssuming all other entries are correct, what is the amount of the unrecorded cash payment that caused the discrepancy?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 38. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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