Waec Model Questions Vol1 2022 Financial Accounting Question 48
Practice objective / multiple choice question 48 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
The following information is given for XYZ Ltd. as at 31 December 2022: - Bank statement balance: ₦850,000 - Book (cash book) balance: ₦820,000 - Outstanding checks: ₦12,500 (two checks of ₦7,000 and ₦5,500) - Deposits in transit: ₦25,000 - Bank service charge not yet recorded: ₦2,500 - A cheque of ₦5,000 was recorded in the books as ₦50,000. Prepare a bank reconciliation and state the adjusted cash book balance.
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About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 48. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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