JAMB Accounting 2018 Objective — Question 30

Question 30 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

In order to make the cash book balance equal to the bank statement, it is usually to add

A. uncredited cheques
B. direct payments by bank
C. bank charges
D. unpresented chequesCorrect

Explanation

To make the balance as per statement equal the cash book, uncredited cheques will be added to the bank balance; per the standard working, unpresented cheques are added to reconcile in the opposite direction.

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