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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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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now