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WAEC Financial Accounting 2004 Question 11

Question 11

Banking and Bank Reconciliation

Unpresented cheques N85,305
Balance as per bank statement N206,865
Balance as per cash book N144,495
Uncredited cheques amount to

  1. A.N229,800
  2. B.N121,560
  3. C.N85,305
  4. D.N22,935
Show the answer and explanation

Answer: D (N22,935)

Explanation

206,865 − 85,305 + uncredited = 144,495, so uncredited cheques = N22,935.