WAEC - Accounts Principles Of Accounts (2022 - No. 20)
Use the following information to answer questions below
| $ | |
| Cash book balance (credit) | 750 |
| Uncredited cheques | 500 |
| Unpresented cheques | 1680 |
| Direct credit | 300 |
| Bank charges | 150 |
Balance as per bank statement is
$ 580 Cr.
$ 430 Dr.
$ 430 Cr.
$ 1,480 Cr.
Explanation
Balance as per bank statement = 300+ 1680 - 500
= 1480
= 1480
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