Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A comparison of the Jan 2000 bank reconciliation statement and the Feb 2000 cash journals with the Feb 2000 bank statement of PK holdings revealed

A comparison of the Jan 2000 bank reconciliation statement and the Feb 2000 cash journals with the Feb 2000 bank statement of PK holdings revealed the following:

(a).... Bank charges of R63 have not yet been taken into account. (b).... A cheque of R316, for telephone expenses, was recorded in the cash payments journal as R361. (c).... A deposit of R490 did not appear on the bank statement. (d).... The bank erroneously debited the entitys bank account with interest of R340. (e).... Cheques to the amount of R1 210 were still outstanding. Balances at 30 June 2019:

R

Bank account (favourable) (provisional) before the above transactions were taken into account. 117 Balances at 31 Jan 2000: Bank statement 690 Bank account 1 900

what is the balance of the bank + is it favorable or unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Of The Drug Enforcement Administrations Controls Over Seized And Collected Drugs

Authors: Office Of Inspector General, U.S. Department Of Justice, Penny Hill Press

1st Edition

1537075683, 978-1537075686

More Books

Students also viewed these Accounting questions

Question

explain the need for human resource strategies in organisations

Answered: 1 week ago

Question

describe the stages involved in human resource planning

Answered: 1 week ago