After checking a business cash book against the bank statement, which of the following items could require an entry in
thecash book?
1 Bank charges
2 A cheque from a customer which was dishonoured
3 Cheque not presented
4 Deposits not credited
5 Credit transfer entered in bank statement
6 Standing order entered in bank statement.
The following bank reconciliation statement has been prepared for a company:
$
Overdraft per bank statement 39,800
Add: Deposits credited after date 64,100
103,900
Less: Unpresented cheques presented after date 44,200
Overdraft per cash book 59,700
Assuming the amount of the overdraft per the bank statement of $39,800 is correct, what should be the balance in the cash
book?
Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance
as at 30 November 20X3:
1 Cheques recorded and sent to suppliers before 30 November 20X3 but not yet presented for payment
2 An error by the bank in crediting to another customer's account a lodgement made by the company
3 Bank charges
4 Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3
5 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank
Which one of the following alternatives correctly analyses these items into those requiring an entry in the cash book and those that would feature in the bank reconciliation?
Cash book entry Bank reconciliation
The bookkeeper of Peri made the following mistakes:Discount allowed $3,840 was credited to discounts received account.
Discount received $2,960 was debited to discountsallowed account. Discounts were otherwise correctly recorded.Which one
of the following journal entries will correct the errors?
Dr Cr
$ $
The following are balances on the accounts of Luigi, a sole trader, as at the end of the current financial year and after all
entries have been processed and the profit for the year has been calculated
The following balances have been extracted from the nominal ledger accounts of Tanya, for bank loan is unknown. There are no other accounts in the main ledger
.Payables $ 27,000
Capital 66,000
Purchases 160,000
Sales 300,000O
ther expenses 110,000
Receivables 33,000
Purchase returns 2,000
Non-current assets 120,000
Cash in bank 18,000
Bank loan UnknownWhat is the credit balance on the bank loan account?
The electricity account for Jingles Co for the year ended 30 June 20X1 was as follows.
$
Opening balance for electricity accrued at 1 July 20X0 300
Payments made during the year
1 August 20X0 for three months to 31 July 20X0 600
1 November 20X0 for three months to 31 October 20X0 720
1 February 20X1 for three months to 31 January 20X1 900
30 June 20X1 for three months to 30 April 20X1 840
Jingles Co expects the next bill due in September to be for the same amount as the bill received in June.
What are the appropriate amounts for electricity to be included in the financial statements of Jingles Co for the year ended 30 June 20X1?
Statement of Statement of
financial position profit or loss
【简答题】
The statement of profit or loss for the year ended 31 October 20X6
The following information relates to a bank reconciliation.
(i) The bank balance in the cashbook before taking the items below into account was $8,970 overdrawn.
(ii) Bank charges of $550 on the bank statement have not been entered in the cashbook.
(iii) The bank has credited the account in error with $425 which belongs to another customer.
(iv) Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.
(v) Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the
bank.
What was the balance as shown by the bank statement before taking the above items into account?
The following bank reconciliation statement has been prepared by a trainee accountant:
BANK RECONCILIATION 30
SEPTEMBER 20X2 $
Balance per bank statement (overdrawn) 36,840
Add: lodgements credited after date 51,240
Less: unpresented cheques 88,080
Balance per cash book (credit) 43,620
44,460
Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?