JAMB Accounting 2021 Objective — Question 9

Question 9 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.

9. One of the following is not an item in bank reconciliation statement where adjusted cashbook is used a. Dishonoured cheque b. Cheques paid but not submitted for payment c. Bank posting error d. Uncredited cheques

A. Dishonoured chequeCorrect
B. Cheques paid but not submitted for payment
C. Bank posting error
D. Uncredited cheques

Explanation

A dishonoured cheque is adjusted for in the cash book itself, so it will not appear again in the bank reconciliation statement (which is prepared using the adjusted cash book).

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