A company's cash book shows a debit balance of $700. The bank statement as at the same date shows an overdrawn balance of $210. Which of the following timing differences could account for the discrepancy? 1 points O A) Cheque received but not yet cleared amounted to $490 B) Cheques received but not yet cleared amounted to $910 C) Cheques drawn but not yet presented amounted to $910. D) Cheque drawn but not yet presented amounted to $490. O A purchase of $821 from J. Benjamin recorded as $281. To correct the error the journal entries required are? 1 points O O O 13 A) Dr. Purchases $540 and Cr. J.Benjamin $540 B) Dr. purchases $821and CR. J Benjamin $821 C) Dr. purchases $281 and Cr. J. Benjamin $281 D) Dr. J. Benjamin $540 and Cr. purchases $540 A business has a year end of 31 December. It purchased a non-current asset on 1 January 2014 for $100 000. It was depreciated using the reducing balance method at 20% per annum. It was sold for $40 000 on 1 January 2016.What was the loss on disposal? 1 points O A ) $40,000 O B) $24,000 OC) $20,000 OD) $60,000