Waec Model Questions Vol1 2021 Financial Accounting Question 39
Practice objective / multiple choice question 39 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of XYZ Ltd shows a balance of ₦350,000. The bank statement for the same period shows a balance of ₦340,000. The following items are identified:\n- Outstanding checks: ₦25,000\n- Deposits in transit: ₦15,000\n- Bank service fee of ₦2,000 not yet recorded in the cash book.\n- A customer's cheque of ₦5,000 was returned unpaid and not yet recorded in the cash book.\n- The bank omitted a deposit of ₦13,000 that is recorded in the cash book.\nAfter performing the bank reconciliation, what should be the adjusted cash book balance?
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 39. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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