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Question
Question:
The balance as per bank statement is:
A. N39,500
B. N41,500
C. N139,500
D. N179,500
E. N239,500
Answer
Answer: A
Explanation:
From the adjusted cash book balance of N109,500, subtract uncredited cheques of N70,000.
Bank statement balance = N109,500 – N70,000 = N39,500
- Tags: Bank Reconciliation, Bank Statement, Cash Book
- Level: Level 1
- Topic: Bank reconciliations
- Series: MAY 2015
- Uploader: Joseph