Waec Model Questions Vol1 2025 Financial Accounting Question 30

Practice objective / multiple choice question 30 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Waec Model Questions Vol1 2025 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 30 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • FINANCIAL_ACCOUNTING • objective

A bank reconciliation statement shows that a company's bank statement balance is ₦100,000. The company has outstanding cheques totaling ₦15,000 and deposits in transit of ₦5,000. What is the adjusted bank balance?

Answer Options

Correct Answer A. ₦90,000
B. ₦95,000
C. ₦85,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Waec Model Questions Vol1 2025 Financial Accounting Question 30. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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