JAMB and WAEC Accounts (Principles of Accounts) questions: Bank reconciliation statements

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All JAMB WAEC

Question 1· Bank reconciliation statements· JAMB
A bank reconciliation statement is prepared to
Explanation and discussion
Question 2· Bank reconciliation statements· JAMB
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?
Explanation and discussion
Question 3· Bank reconciliation statements· WAEC
Cheques issued but not yet presented to the bank are
Explanation and discussion
Question 4· Bank reconciliation statements· JAMB
Unpresented cheques are cheques that
Explanation and discussion
Question 5· Bank reconciliation statements· WAEC
A dividend received directly by the bank on behalf of the business should be
Explanation and discussion
Question 6· Bank reconciliation statements· WAEC
Bank charges shown on the bank statement but not in the cash book should be
Explanation and discussion
Question 7· Bank reconciliation statements· JAMB
A customer's cheque paid into the bank was later dishonoured. In the cash book this is recorded by
Explanation and discussion
Question 8· Bank reconciliation statements· WAEC
A cheque received from a customer that the bank refuses to pay is a
Explanation and discussion
Question 9· Bank reconciliation statements· WAEC
The cash book shows a debit balance of ₦9,000. Unpresented cheques are ₦2,000. Ignoring other items, the bank statement balance is
Explanation and discussion
Question 10· Bank reconciliation statements· WAEC
Cheques paid in but not yet credited by the bank are
Explanation and discussion
Question 11· Bank reconciliation statements· JAMB
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
Explanation and discussion
Question 12· Bank reconciliation statements· WAEC
A standing order paid by the bank but not in the cash book should be
Explanation and discussion
Question 13· Bank reconciliation statements· JAMB
Interest allowed by the bank and shown only on the statement should be
Explanation and discussion
Question 14· Bank reconciliation statements· JAMB
A direct credit by a customer into the bank, not yet in the cash book, should be
Explanation and discussion
Question 15· Bank reconciliation statements· WAEC
Bank charges shown only on the bank statement are corrected by
Explanation and discussion
Question 16· Bank reconciliation statements· WAEC
A bank reconciliation statement explains the difference between the
Explanation and discussion
Question 17· Bank reconciliation statements· WAEC
A customer's cheque that is dishonoured is recorded in the cash book by
Explanation and discussion
Question 18· Bank reconciliation statements· JAMB
A cheque for ₦4,500 paid to a supplier was entered in the cash book as ₦5,400. To correct this, the cash book should be
Explanation and discussion
Question 19· Bank reconciliation statements· JAMB
A bank overdraft in the cash book appears as a balance on the
Explanation and discussion
Question 20· Bank reconciliation statements· WAEC
The cash book shows a debit bank balance of ₦45,000. Unpresented cheques total ₦8,000 and uncredited lodgements ₦5,000. What balance should the bank statement show?
Explanation and discussion

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JAMB and WAEC Accounts (Principles of Accounts) questions: Bank reconciliation statements

A bank reconciliation statement is prepared to

What is the adjusted cash book balance?

Cheques issued but not yet presented to the bank are

Unpresented cheques are cheques that

A dividend received directly by the bank on behalf of the business should be

Bank charges shown on the bank statement but not in the cash book should be

A customer's cheque paid into the bank was later dishonoured. In the cash book this is recorded by

A cheque received from a customer that the bank refuses to pay is a

The cash book shows a debit balance of ₦9,000. Unpresented cheques are ₦2,000. Ignoring other items, the bank statement balance is

Cheques paid in but not yet credited by the bank are

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

A standing order paid by the bank but not in the cash book should be

Interest allowed by the bank and shown only on the statement should be

A direct credit by a customer into the bank, not yet in the cash book, should be

Bank charges shown only on the bank statement are corrected by

A bank reconciliation statement explains the difference between the

A customer's cheque that is dishonoured is recorded in the cash book by

A cheque for ₦4,500 paid to a supplier was entered in the cash book as ₦5,400. To correct this, the cash book should be

A bank overdraft in the cash book appears as a balance on the

The cash book shows a debit bank balance of ₦45,000. Unpresented cheques total ₦8,000 and uncredited lodgements ₦5,000. What balance should the bank statement show?