Diane Glover in account with Northern Joint Bank PLC Date Description Debit Credit Balance 20-6 May 1 Balance

£

£

£

125 O/D (a)

2 000344(b)

220 (c)

345 O/D 3

Sundries 200 145 0/D 4

Standing Order (d)

10 155 0/D 5

Credit Transfer 195 40 6

D Allday (R/D) (e)

85

?(f)

(a) Would Diane Glover have shown the balance as a current asset or a current liability on her balance sheet as at 30 April 20-6?

(b) To what do the numbers 000344 refer?.

(c) Was the item

(c) paid in or withdrawn?.

(d) Briefly explain the meaning of the term ‘standing order’

(e) (i) What does the abbreviation R/D stand for?.

(ii) Give a reason why a cheque may be marked R/D

(f) What is the new balance on 6 May?.