JAMB Accounting 2008 Objective — Question 14
Question 14 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.
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Given that the balance as per cash book after adjustment was 6315, unpresented cheques 1000 and the bank statement balance 3240. What was the balance of the uncredited cheque?
- A. 4075Correct
- B. 4240
- C. 3315
- D. 3075
Explanation
Bank reconciliation statement: Balance as per adjusted CB 6,315 + Add unpresented cheque 1,000 = 7,315; Less balance as per bank statement (3,240) = 4,075 = Uncredited cheque.
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