Waec Model Questions Vol1 2023 Financial Accounting Question 30
Practice objective / multiple choice question 30 from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
The cash book of Delta Co. shows a closing balance of ₦25,800 (debit) on 31 December. The bank statement for the same date shows a balance of ₦27,500 (credit). The following items are known: - Outstanding checks: ₦3,200 and ₦1,500. - Deposits in transit: ₦2,400. - The bank charged a service fee of ₦150 which has not been recorded in the cash book. - The bank credited interest of ₦200 which has not been recorded in the cash book. - A cheque for ₦1,800 was incorrectly entered in the cash book as ₦1,150. Prepare the bank reconciliation and state the corrected cash book balance after all adjustments.
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Financial Accounting Question 30. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.