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WAEC Financial Accounting 2006 Question 45

Question 45

Banking and Bank Reconciliation

Balance as per cash book D8,400
Bank charges D300
Standing order paid D2,500
Unpresented cheques D2,800
The adjusted cash book balance is

  1. A.D11,200
  2. B.D8,400
  3. C.D6,200
  4. D.D5,600
Show the answer and explanation

Answer: D (D5,600)

Explanation

8,400 − 300 − 2,500 = D5,600.