JAMB Accounting 2012 Objective — Question 14

Question 14 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

Cash book balance ₦5,000; Dishonoured cheque ₦1,000; Direct credit ₦800; Direct debit ₦500. The adjusted cash book balance is

A. ₦6,300
B. ₦4,300Correct
C. ₦3,700
D. ₦2,700

Explanation

Adjusted cash book: Bal. b/d 5,000; Direct credit 800; total 5,800. Less: Dishonoured 1,000; Bal. debit 500; = Bal. c/d 4,300.

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