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In an incomplete record, the preparation of the bank reconciliation ensures that?

Accounts - Principles of Accounts
JAMB 2002

In an incomplete record, the preparation of the bank reconciliation ensures that?
  • A. all cash taking are banked
  • B. the cash book is correct
  • C. there are no overdrafts
  • D. there are no hidden loans
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Correct Answer: Option A
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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