Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 06, 2024

QUESTION 18 The following bank reconciliation statement has been prepared by a trainee accountant: Overdraft per bank statement 8,540) Less: Outstanding cheques (2,950) 5,590) Add:

QUESTION 18 The following bank reconciliation statement has been prepared by a trainee accountant: Overdraft per bank statement 8,540) Less: Outstanding cheques (2,950) 5,590) Add: Deposits credited after date 16,620) Cash at bank as calculated above 22,210) What should be the correct balance per the cashbook? WORKINGS: ANSWER: (3 marks)

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

Recommended Textbook for

Financial Accounting

Authors: Karen Bird, Gene Imhoff

3rd Edition

0984200541, 9780984200542

More Books

Students also viewed these Accounting questions

Question

★★★★★

If a card is chosen at random from a pack of cards, what is the probability that the card is from one of the two black suits?

Answered: 1 week ago

Question

★★★★★

How would you help your students evaluate the information they are finding on the Web?

Answered: 1 week ago

Question

★★★★★

a. Create an application that allows you to enter student data that consists of an ID number, first name, last name, and grade point average. Depending on whether the students grade point average is...

Answered: 1 week ago

Question

★★★★★

Question 30 (20 points) The comparative balance sheets for Dingdong Corporation appear below. DINGDONG CORPORATION Comparative Balance Sheet Dec 31 2021 Dec 31, 2020 Cash Assets $ 68,200 $ 20,800...

Answered: 1 week ago

Question

★★★★★

if "first do no harm" is a findamental value, can healthcare leaders afford not to pay attention to investing in improvements that will lead to "zero harm"? Just number 2 Respond to the following...

Answered: 1 week ago

Question

★★★★★

Eileen went to Las Vegas for Spring Break. While there she lost a bet at the roulette wheel, resulting in a shortfall of funds needed for the Fall semester's tuition. She bet on red, but the roulette...

Answered: 1 week ago

Question

★★★★★

If Happiness is crucial or intimate like our DNA as Layard then why are we still unhappy? Now if we think about it our reading so far provides us with ample answers as to what constitutes or...

Answered: 1 week ago

Question

★★★★★

Case study: (50 marks) -PART A On 1 July 2021, Tom Ltd acquired all the shares of Hanks Ltd on an ex-div . basis. Tom Ltd paid $850,000 cash and issued 120,000 shares which had a fair value of $5.00...

Answered: 1 week ago

Question

★★★★★

Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended...

Answered: 1 week ago

Question

★★★★★

4.12 Consider the following mechanism for the production of ozone from the heating of oxygen: mols magorbyd or lo no Inopnop and atA -rigid Kf mainedos doivoblas kir 0302+0 to noisot (R.1) C (R.2)...

Answered: 1 week ago

Question

★★★★★

8 What are the different types of flexibility, and what are their advantages and disadvantages?

Answered: 1 week ago

Question

★★★★★

6 When staffing is being reduced, what can organisations do to minimise the pain and discomfort?

Answered: 1 week ago

Question

★★★★★

2 How should employers handle the benefits and drawbacks of internet recruitment? The use of online recruitment methods is now widespread among UK organisations; however, there is considerable debate...

Answered: 1 week ago

Previous Question Next Question