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When starting with the cash book balance in preparing the bank reconciliation statement, the followings...

Accounts - Principles of Accounts
JAMB 2023

When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added except

  • A. uncredited cheque
  • B. credit transfer
  • C. dividend
  • D. unpresented cheque
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Correct Answer: Option A
Explanation

When starting with balanace as per cash book, unpresented cheques, dividend, credit transfers are added while uncredited cheques, bank charges, dishonoured cheuqes, standing order are substracted.


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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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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