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

Question 16:

• JAMB 2006

The value of Y is

A. N11 500
B. N 8 500
C. N13000
D. N10000

Question 17:

• JAMB 2006

X represents

A. Bank charges
B. An unpresented cheque
C. Dividends
D. An uncredited cheque

Question 18:

• JAMB 2007

The process whereby a cheque received by one person is given to another is known as?

A. Cheque crossing
B. Payment in cheque
C. Cheque transfer
D. Cheque endorsement

Question 19:

• JAMB 2007

Use the information below to answer questions
Balance as per cash book................N13560
Unpresented cheques.....................N5120
Uncredited lodgements...................N2300
Dividend received not entered
in the cash book........................N2000
Bank charges............................N280
Standing order payments.................N600
Balance as per bank statement............?
Calculate the balance in the bank statement.

A. N14 680
B. N15 560
C. 17 500
D. 16 380

Question 20:

• JAMB 2007

Use the information below to answer questions
Balance as per cash book................N13560
Unpresented cheques.....................N5120
Uncredited lodgements...................N2300
Dividend received not entered
in the cash book........................N2000
Bank charges............................N280
Standing order payments.................N600
Balance as per bank statement............?
What is the adjusted cash book balance?

A. N14 680
B. N15 560
C. N16 440
D. N17 000