Use the information below to answer questions Balance as per cash book................₦13560 Unpresented cheques.....................₦5120 Uncredited lodgem...

Use the information below to answer questions

Balance as per cash book................₦13560

Unpresented cheques.....................₦5120

Uncredited lodgements...................₦2300

Dividend received not entered

In the cash book........................₦2000

Bank charges............................₦280

Standing order payments.................₦600

Balance as per bank statement............?

What is the adjusted cash book balance?

Answer Details

The adjusted cash book balance is ₦14,680. To calculate the adjusted cash book balance, we start with the balance as per cash book, which is given as ₦13,560. We then make adjustments for the unpresented cheques and uncredited lodgements. Subtracting the unpresented cheques of ₦5,120 from the balance as per cash book gives ₦8,440. We then add the uncredited lodgements of ₦2,300 to get ₦10,740. Next, we add the dividend received of ₦2,000 that was not entered in the cash book to get ₦12,740. We then subtract the bank charges of ₦280 and the standing order payments of ₦600 to get the adjusted cash book balance of ₦14,680. Therefore, the adjusted cash book balance is ₦14,680, which is option (i).