JAMB Accounting 2019 Objective — Question 8

Question 8 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 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 usual to add

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

Explanation

Unpresented cheques are added to the balance as per the cash book/adjusted cash book when reconciling with the bank statement.

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