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WAEC Financial Accounting 2006 Question 46

Question 46

Banking and Bank Reconciliation

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

  1. A.D10,900
  2. B.D8,400
  3. C.D5,600
  4. D.D2,800
Show the answer and explanation

Answer: B (D8,400)

Explanation

5,600 + unpresented cheques 2,800 = D8,400.