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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 21:


An item credited in the bank statement but yet to be recorded in the firm's cash book is

A. Bank loan
B. Contract payment
C. Standing order
D. Direct deposit


Question 22:


You add the following when starting with the balance as per cash book when preparing the bank reconciliation statement except

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


Question 23:


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 24:


In order to make the cash book balance equal to the bank statement, it is usually to add?

A. Uncredited cheques
B. Direct payments by bank
C. Bank charged
D. Unpresented cheques






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