₦ Balance as per cashbook 5 467 Uncredited cheques 4 410 Unpresented cheques 19 404 Cheques wrongly debited by bank 1 404 The balance as per bank statement ...

Assessment: JAMB UTME - Principles of Accounts - 2017 Subject: Financial Accounting

Question 1 Report

₦
Balance as per cashbook 5 467
Uncredited cheques 4 410
Unpresented cheques 19 404
Cheques wrongly debited by bank 1 404

The balance as per bank statement is

Answer Details
The balance as per bank statement can be calculated by subtracting the uncredited cheques, unpresented cheques, and cheques wrongly debited by the bank from the balance as per cashbook. So, the balance as per bank statement = ₦5467 (balance as per cashbook) - ₦4410 (uncredited cheques) - ₦19404 (unpresented cheques) - ₦1404 (cheques wrongly debited by bank) = ₦21,091. Therefore, the balance as per bank statement is ₦21,091.

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