passwella.
Menu

WAEC Financial Accounting 1995 Question 17

Question 17

Banking and Bank Reconciliation

Use the following information:
Balance as per bank statement: ₦240
Amount paid in but not credited: ₦192
Unpresented cheques: ₦70

What is the balance as per Cash Book?

  1. A.₦362
  2. B.₦310
  3. C.₦262
  4. D.₦240.
Show the answer and explanation

Answer: A (₦362)

Explanation

240 + uncredited deposit 192 − unpresented cheques 70 = ₦362.