Question
AB Ltd. had $3693 in outstanding cheques at the end of July and half of that amount in deposits in transit. Bank service charges are
AB Ltd. had $3693 in outstanding cheques at the end of July and half of that amount in deposits in transit. Bank service charges are $25 for July and there are no other reconciling items in the July bank reconciliation.
By how much the adjusted balance shown on the balance sheet is higher or lower than the trial balance?
What is the total credits on the cash account because of the adjusting journal entries based on the above information?
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
