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In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are: I....

Accounts - Principles of Accounts
JAMB 2025

In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are:
I. deducted from the cash book balance
II. added to the bank statement balance
III. added to the cash book balance

  • A. I and II only
  • B. III only
  • C. II and III only
  • D. I, II, and III
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Correct Answer: Option A
Explanation

In bank reconciliation, a credit balance in the cash book means the bank owes the business. Uncredited cheques—those issued but not yet presented to the bank—are deducted from the cash book balance.


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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