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- 1 Marks
Question
Use the following information to answer questions 18 and 19:
Balance as per cash book: N220,000
Dishonored cheques: N100,000
Bank charges: N10,500
Uncredited cheques: N70,000
The adjusted cash book balance is:
A. N100,000
B. N109,500
C. N155,500
D. N209,500
E. N309,500
Answer
Answer: B
Explanation:
To adjust the cash book balance:
Start with the cash book balance of N220,000
Subtract dishonored cheques of N100,000
Subtract bank charges of N10,500
Adjusted cash book balance = N220,000 – N100,000 – N10,500 = N109,500
- Tags: Adjustments, Bank Reconciliation, Cash Book
- Level: Level 1
- Topic: Bank reconciliations
- Series: MAY 2015
- Uploader: Joseph