Question 42
Banking and Bank ReconciliationBalance as per cash book ₦13 560
Unpresented cheques ₦5 120
Uncredited lodgements ₦2 300
Dividend received not entered in the cash book ₦2 000
Bank charges ₦280
Standing order payments ₦600
Balance as per bank statement ₦?
What is the adjusted cash book balance?
- A.₦14 680
- B.₦15 560
- C.₦16 440
- D.₦17 000.
Show the answer and explanation
Answer: A (₦14 680)
Explanation
13 560 + 2 000 dividend − 280 bank charges − 600 standing order = ₦14 680.