JAMB Accounting 2009 Objective — Question 13
Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.
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13. Which of the following should not be added or subtracted from the bank statement balance to determine the adjusted cash balance?
- A. Error by the bank
- B. undercasting of the cash book
- C. overcasting of the cash book
- D. Bank service chargesCorrect
Explanation
Bank service charges would have already been treated in the cash book, so they do not need further adjustment to arrive at the bank statement balance.
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