Waec Model Questions Vol1 2022 Financial Accounting Question 32
Practice objective / multiple choice question 32 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
A single‑column cash book was opened with a bank balance of ₦500,000. The following transactions were recorded during the month: - Cash sales: ₦120,000 - Bank deposit of cash sales: ₦80,000 - Rent paid: ₦45,000 - Supplier payment: ₦70,000 - Electricity paid: ₦15,000 The bank statement shows a closing balance of ₦560,000. Outstanding checks total ₦30,000 and deposits in transit total ₦20,000. What is the adjusted cash‑book balance after reconciliation?
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About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 32. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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