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WAEC Financial Accounting 2003 Question 44

Question 44

Banking and Bank Reconciliation

Balance as per Cash book N18,000
Dishonoured cheques N1,200
Bank charges N300
Unpresented cheques N2,400
The Adjusted Cash Book balance is

  1. A.N18,900
  2. B.N18,000
  3. C.N17,700
  4. D.N16,500.
Show the answer and explanation

Answer: D (N16,500.)

Explanation

18,000 − 1,200 − 300 = N16,500.