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Thursday, 20 August 2026
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Accounts - Principles of Accounts Past Questions and Answers

Topic: Columnar cashbooks

Jamb Accounts - Principles of Accounts Questions - Columnar cashbooks

Question 36:
You add the following when starting with the balance as per cash book when preparing the bank reconciliation statement except
  • A Unpresented
  • B Dividend
  • C Uncredited cheque
  • D Credit transfer
View Answer & Explanation
Question 37:
When starting with the cash book balance in preparing the bank reconciliation statement, the followings are added
  • A Unpresented cheque
  • B Dividend
  • C Uncredited cheque
  • D Credit transfer
View Answer & Explanation
Question 38:
What is the effect of transaction when cash is paid into the bank
  • A Bank balance decrease and cash balance increase
  • B Bank balance decrease and cash balance decrease
  • C Cash balance increase and bank balance increase
  • D Cash balance decrease and bank balance increase
View Answer & Explanation
Question 39:
when a bill is negotiated to a bank , it is said to be?
  • A Accepted
  • B Discounted
  • C Surrendered
  • D Cashed
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Question 40:
In order to make the cash book balance equal to the bank statement, it is usually to add?
  • A Uncredited cheques
  • B Direct payments by bank
  • C Bank charged
  • D Unpresented cheques
View Answer & Explanation