The following information is available for Charlie's Chess Club, a chess club run from a local village
Question:
The following information is available for Charlie's Chess Club, a chess club run from a local village hall by a retired teacher, for the year ended 31 October 2014.
The cash balance at 1 November 2013 was $450.
Unfortunately, Charlie has been ill and so the records have not been maintained properly. The cash balance at 31 October 2015 was $305.
Charlie does not believe that all the money received has been banked.
Prepare the receipts and payments account for the year ended 31 October 2014 to calculate the amount of unbanked cash.
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