The balance at bank as at 17 July 2012 is stated on the bank statement as £18,450. Cheques yet to be presented to the bank on this date amount to £19,720. Assuming that the balance in the Bank account written up in the Cash Book differs only because of circumstances stated in each of the following, what is the bank balance to be reported in the Statement of financial position as at 17 July 2012?

(a) The deposits awaiting clearance on that date amount to £32,475

(b) Bank balance stated in the Cash Book is £17,240. A Trade Association subscription of £450 paid by direct debit and a dividend of £3,000 collected on a mandate are yet to be recorded in the Cash Book. Any difference is deposit awaiting clearance

(c) The Cash Book reports a bank balance on that date of £11,420. Deposits awaiting clearance amount to £29,460. Any difference may be attributed to credit transfers from customers and standing order payments not recorded in the Cash Book

(d) The Cash Book reports an overdraft of £7,650, having carried over a bank balance of £21,460 from one folio of the Cash Book to the next as £12,460 and having recorded twice bank charges of £25. Any difference is deposit awaiting clearance

Transcribed Image Text:

x £5,695 y £18,450 z £31,205