Use the information below to answer the question.
Calculate the balance in the bank statement.
| | ₦ |
| Balance as per cashbook | 13560 |
| Unpresented cheques | 5120 |
| Dividend received | 2000 |
| Uncredited cheque | 2300 |
| Bank charges | 280 |
| Standing order | 600 |
| Balance as per bank statement | ? |
A. ₦10,740
B. ₦11,860
C. ₦16,380
D. ₦17,500
Correct Answer: D
Explanation
BANK RECONCILIATION STATEMENT
Â
|  | ₦ | ₦ |
| Balance as per cashbook | Â | 13560 |
| Unpresented cheques | 5120 | Â |
| Dividend received | 2000 | 7120 |
| Uncredited cheque | 2300 | Â |
| Bank charges | 280 | Â |
| Standing order | 600 | 3180 |
| Balance as per bank statement | Â | 17500 |
