Accounts (Principles of Accounts)Bank reconciliation statementsJAMB
On 30 June the cash book of Musa Traders showed a debit balance of ₦84,000. The following were discovered: 1. Cheques issued but not yet presented: ₦15,000 2. Cheques paid in but not yet credited by the bank: ₦9,000 3. Bank charges not entered in the cash book: ₦1,200 4. A dividend of ₦7,000 received directly by the bank, not entered in the cash book
What is the adjusted cash book balance?
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Answer: A. ₦89,800
84,000 − 1,200 bank charges + 7,000 dividend = ₦89,800.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.