Courses Of Discrepancies Between Cashbook And Bank Statement - Accountsprinciplesofaccounts Jamb Past Questions and Answers

Question 21 :

• JAMB 2014

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 :

• 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 23 :

• JAMB 2017

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 :

• JAMB 2018

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