A traders cash book had a credit balance of $480. On the same date, his bank statement
Question:
A trader’s cash book had a credit balance of $480. On the same date, his bank statement showed a credit balance of $389. The difference in the balances was caused by bank charges, $25, which appeared only on the bank statement, and a cheque not yet presented.
What was the amount of the unpresented cheque?
A. $66
B. $116
C. $848
D. $894
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The amount of the unpresented cheque is 116 The credit balance i...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
Students also viewed these Business questions
-
On the same date that the Alberta Treasury Branches were advertising rates of 2.25%, 3%, 3.75%, 4.5%, and 6.5% in successive years of their five-year compound-interest Springboard GIC, they offered...
-
On the same date that the CIBC advertised rates of 2%, 2.5%, 3%, 3.25%, and 7% in successive years of its five-year compound-interest Escalating Rate GIC, it offered 2.75% compounded annually on its...
-
On the same date the state announced a $10 million grant to another school district for the acquisition of equipment. However, per the provisions of this grant the state will make payments only upon...
-
Which of the following statements is true aboutschizophrenia? a. People throughout the world suffer fromschizophrenia b. The symptoms associated with schizophrenia are the sameacross cultures c....
-
A manufacturer of recreational boats is purchasing advertisements in The Wall Street Journal. They believe this is a good way to reach an important target market and educate them about the advantages...
-
Jones Pty Ltd on 15 June sells inventory on account to Bullock Ltd for \($1000,\) terms 2/7, n/30. On 20 June Bullock Ltd returns inventory worth \($300\) to Jones Pty Ltd. On 21 June payment is...
-
Indicate whether the actions listed a through \(h\), primarily represent initiatives for cost containment (CC), cost avoidance (CA), or cost reduction (CR). Indicate what costs were contained,...
-
The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar year 2013. (1) Use this information to prepare a complete...
-
Statements of Operations (Millions of Dollars): Revenues Net patient service revenue Other revenue Net operating revenues 2021 2020 2019 148.118 121.765 119.845 20.395 19.159 17.940 $168.513 $140.924...
-
A product at the Jennings Company enjoyed reasonable sales volumes, but its contributions to profits were disappointing. Last year. 17,500 units were produced and sold. The selling price is $22 per...
-
Rizwan is a trader. His financial year ends on 31 January. He provided the following information on 1 February 204: $ Inventory...
-
A trader provided the following information about his current ratio: Year 1 1.45 : 1 Year 2 1.75 : 1 Year 3 2.00 : 1 What would explain the change in this ratio? A. Decrease in cash at bank B....
-
Find a 2 Ã 2 matrix A for which --1 0 [2 4 2. 3. ||
-
XYZ stock price and dividend history are as follows: Beginning-of-Year Price Dividend Paid at Year 2018 $ 100 2019 2020 2021 110 90 95 Year-End $ 4 4 4 4 An investor buys three shares of XYZ at the...
-
Your best friends Charles Luddell and Rhoda Russey meet you at Miller's Ale House at Gulf Coast Town Center for some drinks on Friday night to watch the latest Ultimate Fighting match. During the...
-
1. A bat and a ball cost $1.10 in total. The bat costs $1 more than the ball. How much does the ball cost? 2. If it takes five machines five minutes to make five widgets, how long would it take 100...
-
Lender Company incurred the following transactions in January: 1/15 Accepted a $10,000, 60-day 8% note as extension of Late Company's overdue accounts receivable. 1/20 Loaned $50,000 to Borrower...
-
The fictitious compound, pandemonium fluoride (PnF2) has a Ksp value in water of 3.09110-9M3 at room temperature. Calculate the solubility of PnF2 in water. Express your answer in units of molarity.
-
Describe the ways that managers can help keep multi-domestic strategies from becoming too costly and global strategies from failing to meet local needs.
-
Where are the olfactory sensory neurons, and why is that site poorly suited for their job?
-
What are the inputs, processing, and outputs of UPSs package tracking system?
-
What technologies are used by UPS? How are these technologies related to UPSs business strategy?
-
What strategic business objectives do UPSs information systems address?
-
Dog Up! Franks is looking at a new sausage system with an installed cost of $685,000. This cost will be depreciated straight-line to zero over the project's 5-year life, at the end of which the...
-
Pascale has just finished college and started her career. She plans to start saving money early so that she can retire at age 5 5 . She decides that she needs $ 8 0 0 0 0 0 . 0 0 when she retires. a...
-
Based on the preceding results, is the sample median an unbiased estimator of the population median? Why or why not? A. The sample median targets the population median. As such, the sample median...
Study smarter with the SolutionInn App