Waec Model Questions Vol1 2021 Financial Accounting Question 42
Practice objective / multiple choice question 42 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of ABC Co shows a balance of ₦250,000. The bank statement balance is ₦260,000. The following items are identified: outstanding checks ₦15,000; deposits in transit ₦8,000; bank service fee of ₦2,500 not yet recorded in the cash book; a customer's cheque of ₦5,000 was returned dishonoured (the cash book had recorded it as received); and the bank erroneously credited ₦3,000 to the account. After making the necessary adjustments, what is the corrected cash book balance?
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 42. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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