\(\begin{array}{c|c} & \text{N} \\ \hline \text{Balance as per cashbook} & 5 467 \\ \hline \text{Uncredited cheques} & 4 410 \\ \hline \text{Unpresented cheques} & 19 404 \\ \hline \text{Cheques wrongly debited by bank} & 1 404 \end{array}\)

The balance as per bank statement is

  • A ₦21,901
  • B ₦19,021
  • C ₦21,109
  • D ₦21,091
jamb 2017accounting

The correct answer is A. ₦21,901

Bank reconciliation statement helps to reconcile the cashbook and bank statement if there are disagreement

A is correct: 21,901 is correct because the cheque wrongly debited by the bank will have increase the bank balance therefore to get the value of the bank statement needed to first of all add back the cashbook

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