JAMB Accounts Principles of Accounts 2016 Paper

Concept:Bank reconciliation adjusts the cash book balance to obtain the bank statement balance.Explanation:Start with cash book balance: $2,970$Add unpresented cheques: $+3,950$Less uncredited cheques: $-4,178$Less bank charges: $-220$Less direct debit: $-1,000$$$2,970 + 3,950 - 4,178 - 220 - 1,000 = 1,522$$Answer: Balance as per bank statement is $\$1,522$.