Accounts (Principles of Accounts)Bank reconciliation statementsJAMB
The cash book shows a debit bank balance of ₦45,000. Bank charges of ₦1,500 appear only on the bank statement. The corrected cash book balance is
Show answer
Answer: D. ₦43,500
Bank charges reduce the balance: 45,000 − 1,500 = ₦43,500.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.