Waec Model Questions Vol1 2022 Financial Accounting Question 27
Practice objective / multiple choice question 27 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of a business shows a balance of ₦150,000 at 30 September. The bank statement for the same date shows a balance of ₦158,400. The following items are known: outstanding checks - ₦12,500 (cleared after the statement date) and ₦8,000 (still not presented); a deposit of ₦5,600 recorded in the cash book but not yet reflected by the bank; a bank service fee of ₦1,200 not recorded in the cash book; a bank error where a cheque of ₦3,000 was credited to the account by mistake; an NSF cheque of ₦2,500 not yet deducted from the cash book; and bank interest of ₦10 earned on a ₦200 balance, also not recorded. Determine the corrected cash‑book balance after all adjustments.
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About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 27. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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