On 31 december a company cash book balance was $11,820 and the bank statement $15,000. the reson for the difference were as follows. 1 Bank charges of $20 not entered in the cashbook. 2 A customer cheque for $200 has been dishonured 3 A payment of $1,200 has been entered in the cashbook as $2,100 4 there were unpresented cheques totalling $6,500 5 Lodgement of $4,000 had not appeared on the bank statement A) To make appropriate adjustment in the cash book bringing down the correct balance. B) To prepere a statement reconciling the adjusted balance inthe cash bookwith the balance shown in the bank statement for 31 december C) Name 3 difference that can accur between the bank statement and cashbook
On 31 december a company cash book balance was $11,820 and the bank statement $15,000. the reson for the difference were as follows. 1 Bank charges of $20 not entered in the cashbook. 2 A customer cheque for $200 has been dishonured 3 A payment of $1,200 has been entered in the cashbook as $2,100 4 there were unpresented cheques totalling $6,500 5 Lodgement of $4,000 had not appeared on the bank statement A) To make appropriate adjustment in the cash book bringing down the correct balance. B) To prepere a statement reconciling the adjusted balance inthe cash bookwith the balance shown in the bank statement for 31 december C) Name 3 difference that can accur between the bank statement and cashbook
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On 31 december a company
1 Bank charges of $20 not entered in the cashbook.
2 A customer cheque for $200 has been dishonured
3 A payment of $1,200 has been entered in the cashbook as $2,100
4 there were unpresented cheques totalling $6,500
5 Lodgement of $4,000 had not appeared on the bank statement
A) To make appropriate adjustment in the cash book bringing down the correct balance.
B) To prepere a statement reconciling the adjusted balance inthe cash bookwith the balance shown in the bank statement for 31 december
C) Name 3 difference that can accur between the bank statement and cashbook
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