Waec Model Questions Vol1 2025 Financial Accounting Question 40
Practice objective / multiple choice question 40 from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
A business maintains a cash book that shows an opening balance of ₦8,000. During the month, it recorded cash receipts of ₦12,000 and cash payments of ₦9,000. If the business also had a bank transfer of ₦2,000 into the cash book, what is the closing balance of the cash book at the end of the month?
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About This Question
This is Waec Model Questions Vol1 2025 Financial Accounting Question 40. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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