Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. At 31 March 2019, the cash book of Company 2 showed a debit balance of 56. An examination of the bank statements and the
2. At 31 March 2019, the cash book of Company 2 showed a debit balance of 56. An examination of the bank statements and the accounting records of the company revealed the following: On 30 March 2019, the bank wrote to Company 2 stating that a cheque of 360 received from a customer and banked on 25 March 2019 had bounced and had been dishonoured. This letter was only received by Company 2 on 2 April 2019. Bank charges of 460 appeared on the bank statement on 30 March 2019 but the company was unaware of this transaction. Receipts of 9,215 banked on 31 March 2019 were not cleared through the banking system until April 2019, while payments totalling 19,401, issued by the company in March 2019 were also not cleared through the banking system until April 2019. What was the balance appearing on the bank statement at 31 March 2019? A B D 9,422 (10,950) 9,310 10,142
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started