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Use the following information to answer questions below   $ Cash book balance (credit) 750...

Accounts - Principles of Accounts
WAEC 2022

Use the following information to answer questions below

  $
Cash book balance (credit) 750
Uncredited cheques 500
Unpresented cheques 1680
Direct credit 300
Bank charges 150
 

 


The adjusted cash book balance is

  • A. $ 600 Cr
  • B. $ 300 Cr
  • C. $ 900 Cr
  • D. $ 1,200 Cr
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Correct Answer: Option B
Explanation

Adjusted cash book balance
Dr side = 750

Cr side = 300 + 150
= 450

Bal c/d = 750 - 450

= 300 Cr since the debit side exceed the credit side

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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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