Given: Balance as per cash book...................N20,000 Unpresented cheques........................N5, 200 Direct credit to the bank..................N1, 000 Direct debit from the bank.................N1, 000 Credit in the cash book....................N500 Calculate the balance as per bank statement at the end of the year?

Given:

Balance as per cash book...................N20,000

Unpresented cheques........................N5, 200

Direct credit to the bank..................N1, 000

Direct debit from the bank.................N1, 000

Credit in the cash book....................N500

Calculate the balance as per bank statement at the end of the year?

The correct answer is A. N24,700

Balance per bank is the ending cash balance appearing on a bank statement.

Hence we have; cashbook balance + unpresented cheques + direct bank debit - (direct credit + cashbook credit)

20,000+5200+1000 - (1000+500) = 24,700