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Use the information below to answer the question.   Calculate the balance in the bank...

Accounts - Principles of Accounts
JAMB 2018

Use the information below to answer the question.

  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
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Correct Answer: Option D
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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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts