Bank Reconciliation
GCE Financial Accounting

The following information relates to the cash book and bank statement of Emeka Traders for the month of March 2023: (i) The cash book balance as at 31 March 2023 showed a debit balance of N48,500. (i…

The following balances and transactions relate to Adaeze Enterprises for the month of October 2023: The cash book showed a credit balance of N12,600 on 31 October 2023, while the bank statement showe…

The balance in Alhaji Musa's cash book (bank column) on 31 October 2023 was ₦45,200 (debit). The bank statement showed a balance of ₦52,700. Unpresented cheques totalled ₦9,500 and uncredited deposits…

A bank statement showed a credit balance of ₦38,400. The following were discovered: standing order paid by bank not in cash book ₦1,200; bank charges not in cash book ₦800; unpresented cheques ₦6,300;…

Mrs Adaeze's cash book showed a bank overdraft of ₦12,500 on 30 June 2023. The bank statement showed an overdraft of ₦15,300 on the same date. Unpresented cheques were ₦4,200 and uncredited lodgements…

Which of the following items would cause the cash book balance to differ from the bank statement balance?

A cheque for ₦7,600 received from a customer was correctly entered in the cash book but was returned unpaid by the bank (dishonoured). The effect on the bank reconciliation statement is that the

The following information relates to Bello Traders for the month of September 2023: Cash book balance (debit) ₦28,750; Bank statement balance ₦35,250; Unpresented cheques ₦9,100; Uncredited deposits ₦…

In a bank reconciliation statement prepared by starting with the cash book balance, unpresented cheques are

When preparing an adjusted cash book as part of bank reconciliation, which of the following items would be CREDITED in the cash book?

In preparing a bank reconciliation statement, an uncredited cheque (deposit in transit) is treated by