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Courses of discrepancies between cashbook and bank statement - Jamb Accounts - Principles of Accounts Past Questions and Answers

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Jamb Accounts - Principles of Accounts Past Questions

Jamb Past Questions and Answers on Courses of discrepancies between cashbook and bank statement

Question 11:


If cheques of N40 000 were received but a cheque of N8 000 was dishonoured, the amount owed was

A. N9 000
B. N20 000
C. N 1000
D. N17 000


Question 12:


Given that the balance as per cash book after adjustment was N6315, nu-presented cheques N1000 and the bank statement balance N3240. What was the balance of the nu-credited cheques?

A. N4075
B. N4240
C. N3315
D. N3075


Question 13:


The standing order is a payment instruction given by a?

A. Customer to the bank
B. Bank to the customer
C. Bank to an employee
D. Customer to a fellow customer


Question 14:


Which of the should not be added or subtracted from the bank statement balance to determine the adjust cash balance?

A. Error by the bank
B. Undercasting of the cash book
C. Overcasting of the cash book
D. Bank service charges


Question 15:


Given:
Balance as per cash book...................N20,000
Unpresented cheques........................N5, 200
Direct credit to the bank..................N1, 000
Direct debit from the bank.................N1, 000
Credit in the cash book....................N500
Calculate the balance as per bank statement at the end of the year?

A. N24,700
B. N25,200
C. N26,200
D. N27,700






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