JAMB Accounting Past Questions & Answers - Page 89

Given that the balance as per cash book after adjustment was N6315, nu-presented cheques N1000 and the bank statement balance N3240. What was the balance of the nu-credited cheques?

Entrance fees.........................N1200
Subscriptions(including N850 arrears).N4310
Donations received....................N1500
Proceeds from sales...................N2300
Total payments........................N8200
Depreciation..........................N2100
Closing cash balance..................N1110

The club deposited 200% of the closing cash balance in he bank during the period.

Determine the opening cash balance of the

Given:

Calculate the surplus income.

If the discount allowed is 2.5% of sales, calculate the closing balance in the sales ledger account

If cheques of N40,000 were received but a cheque of N8,000 was dishonoured, the amount owed was