Waec Model Questions Vol1 2022 Financial Accounting Question 49
Practice objective / multiple choice question 49 from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
For ABC Enterprises the following data are available for the bank reconciliation as at 31 December 2022: - Bank statement balance: ₦1,200,000 - Book (cash book) balance: ₦1,150,000 - Outstanding checks: ₦40,000 (two checks of ₦25,000 and ₦15,000) - Deposits in transit: ₦18,000 - Bank interest earned (to be added to books): ₦5,000 - Bank error: a deposit of ₦12,000 was credited twice. - Bank omitted a customer's cheque of ₦7,000. - Bank service charge not yet recorded in books: ₦3,000. - In the books a cheque was mistakenly recorded as ₦30,000 instead of the correct ₦9,000. Prepare the reconciliation and give the adjusted cash book balance (in Naira).
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About This Question
This is Waec Model Questions Vol1 2022 Financial Accounting Question 49. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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