Question 5
In this question, candidates were required to prepare:
(a) Adjusted Cash Book;
(b) Bank Reconciliation Statement.
Observation
Majority of the candidates avoided this question and those who attempted the question performed averagely. Candidates’ weakness to this question was evident in the wrong entry of N 513,626 where few candidates could not get this because of how the cheque of N 256,813 received from a customer was required to be doubled in the Adjusted Cash Book.