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Jamb Accounts - Principles of Accounts Past QuestionsJamb Past Questions and Answers on Instrument of bank transactionsQuestion 6:Cash can be drawn from the bank using A. A bank teller B. A credit card C. A recharge card D. ATM card Question 7:In a modern day banking system, cash transfer cannot be made where the transferor A. Has no sufficient cash with the bank B. Has no account with the bank C. Does not reside in the bank's country D. Does not possess the domestic currency Question 8:Given: Cash book balance- #5000 Dishonored cheque- #1000 Direct credit - # 800 Direct debit - # 500 The adjusted cash book balance is A. #6,300 B. #4,300 C. #3,700 D. #2,700 Question 9:The documents that provide instant information to firms on their tranactions with banks are A. Bank statement and debit note B. Cheque book and cashbook C. Cheque stub and deposit slip D. Payslip and credit invoice Question 10:when a bill is negotiated to a bank , it is said to be? A. Accepted B. Discounted C. Surrendered D. Cashed |
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