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

Question 41:

• JAMB 2016

Balance as per cashbook 2, 970
Bank Charges 220
Unpresented cheques 3, 950
Uncredited cheques 4, 178
Direct debit by bank 1, 0000
Determine the balance as per bank statement.

A. # 1,978
B. # 1962
C. # 1,522
D. # 2,522

Question 42:

• JAMB 2016

Balance as per cashbook 2, 970
Bank Charges 220
Unpresented cheques 3, 950
Uncredited cheques 4, 178
Direct debit by bank 1, 0000
Determine the balance as per bank statement.

A. # 1,978
B. # 1962
C. # 1,522
D. # 2,522

Question 43:

• JAMB 2016

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 44:

• JAMB 2017

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 45:

• JAMB 2017

What is the main purpose of transaction file?

A. To record assets and liabilities
B. To update income and expenses
C. To update master files
D. To make organization decision