Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 26 of 30 ! 3 Points This question relates to bank reconciliations At 31 December 2019, the balance of an entity's bank statement was

image text in transcribed

image text in transcribed

image text in transcribed

Question 26 of 30 ! 3 Points This question relates to bank reconciliations At 31 December 2019, the balance of an entity's bank statement was R500 overdrawn. At the same date outstanding cheques amounted to R1 000 and outstanding deposits to R3 500 in the bank reconciliation statement The balance as per the bank account in the entity's general ledger was A. R2 000 debit R5 000 credit C.R4 000 debit DR3 000 credit Reset Selection Question 27 of 30 3 Points The following information relates to a bank reconciliation (1) The balance as per the bank account in the general ledger before taking the items below into account was R10 400 (unfavourable) (2) A debit entry for R1 500 that appears on the bank statement, relating to a dishonoured cheque previously received from a customer, has not been entered in the applicable cash Journal (3) Interest received of R1 200 that appears on the bank statement, regarding a fixed deposit account, has not been entered in the applicable cash journal (4) Cheques received, totalling R3 700, have been correctly entered in the cash receipts journal but have not been deposited at the bank (5) The balance as per the bank statement was R8 500 (unfavourable) What will the outstanding cheques amount be in the bank reconciliation statement? A. R5 900 B. R14 400 C.R1 500 D. R22 900 Resel Selection Quest 3 For WS bet Theerty noted as VAT werd The new mot Gran Traces: 2 February of each year. The four from Green GYAN TRADERS PRS ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2013 D Credit R R Fica pe CATH 130 DOO Drawings 20 000 Land and bangsa caut pro 500 000 450 000 M WON Bow cost pe Acum precation: Vehicles 200 000 60 000 0 000 Acum den Equipment 9.500 entry 37500 t 500 Detal 45 000 Al was to be 300 Acord peres 000 Ban 10000 Peryash 1000 Tume for the D 20 200 173.000 173 000 haya Additional information The best pewayable ved 20 years the chat will be readh March 2002 2000 and was the To be on the offrancapostion of Giyi Tadese 2010 otto DA RADD-R26000 R30 000 OR R400 000 R20 000 4100 R1500-R422500 GC RAGDOO OD. 400 000 R400R 500 - 400

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_2

Step: 3

blur-text-image_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

Frank Woods Business Accounting An Introduction To Financial Accounting

Authors: Alan Sangster, Lewis Gordon, Frank Wood

15th Edition

1292365439, 9781292365435

More Books

Students also viewed these Accounting questions

Question

Briefly describe how each of the activity ratios is computed.

Answered: 1 week ago