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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
 

 


Balance as per bank statement is

  • A. $ 580 Cr.
  • B. $ 430 Dr.
  • C. $ 430 Cr.
  • D. $ 1,480 Cr.
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Correct Answer: Option C
Explanation

Balance as per bank statement = 300+ 1680 - 500

= 1480

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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