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WAEC Financial Accounting 2003 Question 45

Question 45

Banking and Bank Reconciliation

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

  1. A.N21,300
  2. B.N18,900
  3. C.N16,500
  4. D.N14,100.
Show the answer and explanation

Answer: B (N18,900)

Explanation

16,500 + unpresented cheques 2,400 = N18,900.