The balance as per bank statement is?

A. ₦21,901
B. ₦19,021
C. ₦21,109
D. ₦21,091

Correct Answer:

Option A – ₦19,021

Explanation

Bank reconciliation statement helps to reconcile the cashbook and bank statement if there are disagreement
A is correct: 21,901 is correct because the cheque wrongly debited by the bank will have to increase the bank balance therefore to get the value of the bank statement needed to, first of all, add back the cashbook