JAMB Accounting 2016 Objective — Question 13

Question 13 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2016 Objective paper, with the correct answer and a full explanation.

13. Given: Balance as per cashbook #2,970; Bank charges #220; Unpresented cheques #3,950; Uncredited cheques #4,178; Direct debit by bank #1,000. Calculate the adjusted cashbook balance (a) #1,750 (b) #3,750 (c) #2,100 (d) #3,050

A. #1,750Correct
B. #3,750
C. #2,100
D. #3,050

Explanation

Adjusted cash book: Bal b/d 2,970; Less bank charge 220; Less direct debit 1,000 = Bal c/d 1,750.

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