JAMB Accounting 2017 Objective — Question 13

Question 13 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

Given: Balance as per cash book #2,970; Bank charges #220; Unpresented cheques #3,950; Uncredited cheques #4,178; Direct debit by bank #1,000. Calculate the adjusted cash book balance.

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

Explanation

Adjusted cash book balance = 2,970 - Bank charges (220) - Direct debit by bank (1,000) = #1,750 (unpresented/uncredited cheques affect the bank statement side, not the cash book).

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