Accounting JAMB

Calculate the balance in the bank statement?
₦
Balance as per cashbook 13560
Unpresented cheques 5120
Dividend received 2000
Uncredited cheque 2300
Bank charges 280
Standing order 600
Balance as per bank statement ?

A. ₦10,740
B. ₦11,860
C. ₦16,380
D. ₦17,500

Correct Answer:

Option D – ₦17,500

Explanation

BANK RECONCILIATION STATEMENT

₦ ₦
Balance as per cashbook 13560
Unpresented cheques 5120
Dividend received 2000 7120
Uncredited cheque 2300
Bank charges 280
Standing order 600 3180
Balance as per bank statement 17500

 

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5 years ago

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