Use the information below to answer questions Balance as per cash book................₦13560 Unpresented cheques.....................₦5120 Uncredited lodgem...
Question 1 Report
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).
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