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2. At 31 March 2019, the cash book of Company 2 showed a debit balance of...
Question 4 On 31* December 2019 Oklu's cash book showed a debit balance of Ghc14,760. His...
Question 4 On 31* December 2019 Oklu's cash book showed a debit balance of Ghc14,760. His bank statement showed a balance of Ghc13,250. The reason for the difference is as follows: a. A cheques of Ghc980 was received and entered in the cash book but not recorded in the bank statement b. Unpresented cheque totaling Ghc1,870 C. The payment side of the cash book had been undercast by Ghc1,000 d. Standing order Ghc630 had not been entered in the cash...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
On March 31, Blue Spruce Corporation showed a cash balance on their books of $12,600. The bank statement from the compan...
On March 31, Blue Spruce Corporation showed a cash balance on
their books of $12,600. The bank statement from the company’s bank
showed a month end balance of $16,791. On reviewing the bank
statement, the following items were discovered:
1.
A deposit made on March 29 for $3,850 did not appear on the
bank statement.
2.
Cheques written in the month of March but that did not appear
on the bank statement were as follows:
Cheque # 6341
$4,410
Cheque...
The following information was available to reconcile Montrose Company’s book balance of Cash with its bank...
The following information was available to reconcile Montrose Company’s book balance of Cash with its bank statement balance as of October 31, 2020: a. After all posting was completed on October 31, the company’s Cash account had a $13,219 debit balance but its bank statement showed a $29,355 balance. b. Cheques #296 for $1,334 and #307 for $12,754 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not....
QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March, 2020 as...
QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March, 2020 as prepared by an Accounts Assistant indicated a net profit of GHS 148,080. Though, the cash book on 31" March, 2020 showed a balance at bank to be GHS 13,460. Your attention is however drawn to the following: Cheques from customers totalling GHS 14,940 which were recorded in the cash book on March 25, 2020 were not credited by the bank until April 2, 2020....
Accounting ii) QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March,...
Accounting
ii) QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March, 2020 as prepared by an Accounts Assistant indicated a net profit of GHS 148,080. Though the cash book on 31 March, 2020 showed a balance at bank to be GHS 13.460. Your attention is however drawn to the following: i) Cheques from customers totalling GHS 14,940 which were recorded in the cash book on March 25, 2020 were not credited by the bank until...
solve the following question with full expiration on each step General Ledger CASH BOOK 2019 35,000...
solve the following question with full expiration on
each step
General Ledger CASH BOOK 2019 35,000 April 6 Payment customer P 25,000 2019 Rs Rs April 1 Balance b/d 4 Cheque customer X 9 Cheque -customer Y 29 Cheque - customer Z 10,000 12 Payment customer Q 14,000 20 Payment customer R 12,000 29,000 80,000 15,000 20,000 80,000 30 Balance c/d Bank Statement ABC Company Balance Withdrawals Deposits 2019 April Rs Rs 1 Balance b/d 6 Cheque deposit customer X...
Part 6 - Checks and errors 24.6A in the draft accounts for the year ended 31...
Part 6 - Checks and errors 24.6A in the draft accounts for the year ended 31 Octob var ended 31 October 2019 of Thomas P. Lee, gara proprietor, the balance at bank according to the cash book was £894.68 in hand. Subsequently the following discoveries were made: (1) Cheque number 176276 dated 3 September 2019 for £310.84 in favour of G. Lowe Limited ha been correctly recorded in the bank statement, but included in the cash book pavman ber 2019...
On July 31, 2019, Crane Company had a cash balance per books of $6,245.00. The statement...
On July 31, 2019, Crane Company had a cash balance per books of $6,245.00. The statement from Dakota State Bank on that date showed a balance of $7,795.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $16.00. 2. The bank collected $1,625 for Crane Company through electronic funds transfer. 3. The July 31 receipts of $1,307.30 were not included in the bank deposits for July. These...
Question Three (15 marks) On 31 December 2012, the balance in the cash book of Lunsefya...
Question Three (15 marks) On 31 December 2012, the balance in the cash book of Lunsefya Hydro Power (LHP) Company was K68, 976. While the Bank statement had a balance of K74, 638.3 on the same date. The difference was as the result of the following transactions 1. The firms records indicate that a K5, 277,60 deposit dated December 30 and a K2, 860.80 deposit dated December 31did not appear on the bank Statement. 2. A bank Charge of K27...
Question 4 On 31* December 2019 Oklu's cash book showed a debit balance of Ghc14,760. His bank statement showed a balance of Ghc13,250. The reason for the difference is as follows: a. A cheques of Ghc980 was received and entered in the cash book but not recorded in the bank statement b. Unpresented cheque totaling Ghc1,870 C. The payment side of the cash book had been undercast by Ghc1,000 d. Standing order Ghc630 had not been entered in the cash...
Problem 6 (7 marks) In early April 2019, Bunny's Factoring received its monthly bank statement showing a debit balance of $342 at 31 March 2019. On 31 March 2019, $720 cash received from debtors was not yet deposited at the bank. There were two unpresented cheques: Cheque no. 100 for $132, and no. 105 for $110. One dishonoured cheque for $250 from Hamster Ltd was returned by the bank. Cheque no. 110 issued for payment of rent for $400 appeared...
On March 31, Blue Spruce Corporation showed a cash balance on
their books of $12,600. The bank statement from the company’s bank
showed a month end balance of $16,791. On reviewing the bank
statement, the following items were discovered:
1.
A deposit made on March 29 for $3,850 did not appear on the
bank statement.
2.
Cheques written in the month of March but that did not appear
on the bank statement were as follows:
Cheque # 6341
$4,410
Cheque...
QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March, 2020 as prepared by an Accounts Assistant indicated a net profit of GHS 148,080. Though, the cash book on 31" March, 2020 showed a balance at bank to be GHS 13,460. Your attention is however drawn to the following: Cheques from customers totalling GHS 14,940 which were recorded in the cash book on March 25, 2020 were not credited by the bank until April 2, 2020....
Accounting
ii) QUESTION 3 The Income Statement of Adom Enterprise for the year ended 31" March, 2020 as prepared by an Accounts Assistant indicated a net profit of GHS 148,080. Though the cash book on 31 March, 2020 showed a balance at bank to be GHS 13.460. Your attention is however drawn to the following: i) Cheques from customers totalling GHS 14,940 which were recorded in the cash book on March 25, 2020 were not credited by the bank until...
solve the following question with full expiration on
each step
General Ledger CASH BOOK 2019 35,000 April 6 Payment customer P 25,000 2019 Rs Rs April 1 Balance b/d 4 Cheque customer X 9 Cheque -customer Y 29 Cheque - customer Z 10,000 12 Payment customer Q 14,000 20 Payment customer R 12,000 29,000 80,000 15,000 20,000 80,000 30 Balance c/d Bank Statement ABC Company Balance Withdrawals Deposits 2019 April Rs Rs 1 Balance b/d 6 Cheque deposit customer X...
Part 6 - Checks and errors 24.6A in the draft accounts for the year ended 31 Octob var ended 31 October 2019 of Thomas P. Lee, gara proprietor, the balance at bank according to the cash book was £894.68 in hand. Subsequently the following discoveries were made: (1) Cheque number 176276 dated 3 September 2019 for £310.84 in favour of G. Lowe Limited ha been correctly recorded in the bank statement, but included in the cash book pavman ber 2019...
On July 31, 2019, Crane Company had a cash balance per books of $6,245.00. The statement from Dakota State Bank on that date showed a balance of $7,795.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $16.00. 2. The bank collected $1,625 for Crane Company through electronic funds transfer. 3. The July 31 receipts of $1,307.30 were not included in the bank deposits for July. These...
Question Three (15 marks) On 31 December 2012, the balance in the cash book of Lunsefya Hydro Power (LHP) Company was K68, 976. While the Bank statement had a balance of K74, 638.3 on the same date. The difference was as the result of the following transactions 1. The firms records indicate that a K5, 277,60 deposit dated December 30 and a K2, 860.80 deposit dated December 31did not appear on the bank Statement. 2. A bank Charge of K27...
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