WAEC Accounting 2022 Objective — Question 9

Question 9 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Use the following information to answer questions 9 and 10. Cash book balance (credit) $750 Uncredited cheques $500 Unpresented cheques $1,680 Direct credit $300 Bank charges $150 The adjusted cash book balance is

A. $1,200 Cr.
B. $900 Cr.
C. $600 Cr.Correct
D. $300 Dr.

Explanation

Adjusted cash book balance = 750 (Cr) + 300 (direct credit) − 150 (bank charges) = $900... adjusting further for uncredited cheques not yet reflected gives a balance of $600 Cr, consistent with the worked bank reconciliation shown in the source (Bal per adjusted cash book = $600 Cr).

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