? 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
Bank reconciliation statement helps to reconcile the cashbook and bank statement if there are disagreement
A is correct: 21,901 is correct because the cheque wrongly debited by the bank will have increase the bank balance therefore to get the value of the bank statement needed to first of all add back the cashbook

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