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Hazelton Ltd has received their bank statement for the month of October 2023. The balance at the bank amounted to $14,130, whereas the cash book
Hazelton Ltd has received their bank statement for the month of October 2023. The balance at the bank amounted to $14,130, whereas the cash book showed a balance of $47,330. The accountant investigated the matter and discovered the following discrepancies: (a) Bank charges of $60 had not been entered in the cash book. (b) Cheques drawn by Hazelton Ltd and totalling $450 had not yet been presented to the bank. (c) Hazelton Ltd had not entered receipts of $530 in his cash book. (d) The bank had not credited Hazelton with receipts of $1,970 paid into the bank on 31st October 2023. (e) Standing order payments amounting to $1,240 were not entered in the cash book. (f) Hazelton Ltd had entered a payment of $560 in his cash book as $650. (g) A cheque received for $300 from a debtor had been returned by the bank marked "refer to the drawer," but this had not been written back in the cash book. (h) Hazelton Ltd had brought down his opening cash book balance of $6,585 as a debit balance instead of a credit balance. (i) An old cheque payment amounting to $880 had been written back in the cash book
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