Bank Transactions and Reconciliation Statements - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 46:

• JAMB 2017

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

A. Unpresented cheque
B. Dividend
C. Uncredited cheque
D. Credit transfer

Question 47:

• JAMB 2017

\(\begin{array}{c|c} & \text{N} \\ \hline \text{Balance as per cashbook} & 5 467 \\ \hline \text{Uncredited cheques} & 4 410 \\ \hline \text{Unpresented cheques} & 19 404 \\ \hline \text{Cheques wrongly debited by bank} & 1 404 \end{array}\)
The balance as per bank statement is

A. ₦21,901
B. ₦19,021
C. ₦21,109
D. ₦21,091

Question 48:

• JAMB 2017

\(\begin{array}{c|c} & \text{N} \\ \hline \text{Balance as per cashbook} & 5 467 \\ \hline \text{Uncredited cheques} & 4 410 \\ \hline \text{Unpresented cheque} & 19 404 \\ \hline \text{Cheques wrongly debited by bank} & 1 440
\end{array}\)

A. ₦4207
B. ₦9527
C. ₦6907
D. ₦9877

Question 49:

• JAMB 2017

What is the effect of transaction when cash is paid into the bank

A. Bank balance decrease and cash balance increase
B. Bank balance decrease and cash balance decrease
C. Cash balance increase and bank balance increase
D. Cash balance decrease and bank balance increase

Question 50:

• JAMB 2018

Using the following:
Balance as par overdraft of the cashbook is ₦4000 ,uncredited cheque is ₦2300, bank charges ₦300, unpresented cheque ₦5000.
what is the adjusted cashbook balance?

A. 4000
B. 300
C. 4300
D. 5000