WAEC Accounting 2022 Objective — Question 10

Question 10 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Balance as per bank statement is

A. $1,430 Cr.
B. $580 Cr.Correct
C. $430 Cr.
D. $430 Dr

Explanation

Starting from the adjusted cash book balance of $600 Cr, add unpresented cheques ($1,680) and deduct uncredited cheques ($500): 600 + 1,680 − 500 wait recompute per source's reconciliation. Per the source reconciliation: Bal per adjusted cash book (600) + unpresented cheques 1,680 = 1,080; less uncredited (500) = 580 Cr, giving Balance as per bank statement = $580 Cr.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2022 Objective More Accounting past papers