Use the information below to answer the question.
Calculate the balance in the bank statement.
| ₦ | |
|
Balance as per cashbook |
13560 |
|
Unpresented cheques |
5120 |
|
Dividend received |
2000 |
|
Uncredited cheque |
2300 |
|
Bank charges |
280 |
|
Standing order |
600 |
|
Balance as per bank statement |
? |
-
A.
₦10,740 -
B.
₦11,860 -
C.
₦16,380 -
D.
₦17,500
Correct Answer: Option D
Explanation
BANK RECONCILIATION STATEMENT
| ₦ | ₦ | |
|
Balance as per cashbook |
|
13560 |
|
Unpresented cheques |
5120 |
|
|
Dividend received |
2000 | 7120 |
|
Uncredited cheque |
2300 | |
|
Bank charges |
280 | |
|
Standing order |
600 | 3180 |
|
Balance as per bank statement |
17500 |