JAMB Accounting 2015 Objective — Question 13
Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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State Bank collected on a note for Al-makura Company. This collection, not yet recorded in Al-makura's books, appears on the bank reconciliation as
- A. an addition to balance per booksCorrect
- B. a deduction from balance per bank statement
- C. an addition to balance per bank statement
- D. a deduction from balance per books
Explanation
Since this is a direct credit not yet recorded by the company, it is treated as an addition to the balance per books (cash book) during reconciliation.
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