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ACCOUNT

JAMB 2023 - Question 25

Account 2023 JAMB Past Questions - Question 25: When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added except

When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added except

A: uncredited cheque

B: credit transfer

C: dividend

D: unpresented cheque

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Correct Answer

Explanation

When starting with balanace as per cash book, unpresented cheques, dividend, credit transfers are added while uncredited cheques, bank charges, dishonoured cheuqes, standing order are substracted.