Given:
Balance as per cash book..............
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?
N24,700
N25,200
N26,200
N27,700
Correct answer is A
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
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