JAMB Accounting 2016 Objective — Question 29
Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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29. The document that provides instant information to firms on their transactions with bank are (a) bank statement and debit note (b) cheques and deposit slip (c) cheque book and cash book (d) pay slip and credit invoice
- A. bank statement and debit noteCorrect
- B. cheques and deposit slip
- C. cheque book and cash book
- D. pay slip and credit invoice
Explanation
Bank statement is the document that provides information to the customers as regards transactions on their accounts with the bank.
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