JAMB Accounts Principles of Accounts 2012 Paper

Concept:Adjusted cash book balance is found by updating the cash book for items not yet recorded in it.Explanation:Start with cash book balance: $\#5{,}000$.Subtract dishonored cheque: $\#5{,}000 - \#1{,}000 = \#4{,}000$.Add direct credit: $\#4{,}000 + \#800 = \#4{,}800$.Subtract direct debit: $\#4{,}800 - \#500 = \#4{,}300$.So, the adjusted cash book balance is $\#4{,}300$.Answer:B. #4,300