JAMB Accounting 2007 Objective — Question 41
Question 41 of 46 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2007 Objective paper, with the correct answer and a full explanation.
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Use the information below to answer questions 41 and 42. Balance as per cash book 13,560; Unpresented cheques 5,120; Uncredited lodgments 2,300; Dividend received not entered in the cash book 2,000; Bank charges 280; Standing order payments 600. Calculate the balance as per bank statement.
- A. #10,740
- B. #11,860
- C. #17,500Correct
- D. #16,380
Explanation
Starting from cash book balance 13,560, add unpresented cheques 5,120 (=18,680), add dividend not yet recorded 2,000 (=20,680), then deduct uncredited lodgments 2,300, bank charges 280 and standing order 600 (=3,180) to get balance per bank statement = #17,500.
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