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State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura's...

Accounts - Principles of Accounts
JAMB 1998
State Bank collected a note for A-Makura Company. This collection, not yet recorded in AL-Makura's books, appears on the bank reconciliation as?
  • A. an addition to balance per book
  • B. a deduction from balance per bank statement
  • C. an addition to balance per bank statement
  • D. a deduction from balance per books
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Correct Answer: Option A
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789