Waec Model Questions Vol1 2021 Commerce Question 27
Practice objective / multiple choice question 27 from the 2021 Waec Model Questions Vol1 Commerce examination.
The cash book of a trading firm shows a balance of ₦2,350,000 as at 30 June. The bank statement for the same date shows a balance of ₦2,367,000. The following items are noted: - Outstanding checks: ₦50,000, ₦30,000 and ₦40,000. - Deposits in transit: ₦50,000 and ₦30,000. - Bank charges of ₦5,000 not yet recorded in the cash book. - A cheque of ₦20,000 was mistakenly entered as ₦2,000 in the cash book. Prepare the bank reconciliation and state the corrected cash book balance after all adjustments.
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 27. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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