SUBJECT: ACCOUNTING

Choose the LETTER of the CORRECT ANSWER.

A. DAIF CHECK

B. P2,011,000

C. P1,975,000

D. P1,350,000

E. P270 DEDUCTION FROM THE BOOK BALANCE

F. P3,600 ADDITION TO THE BOOK BALANCE

G. P1,850,000

H. P2,498,000

I. P2,501,400

J. P2,377,00

6. A company has 1,200,000 balance per bank, 350,000 deposit in transit, 1,000 interest earned, 900 service charge and 200,000 outstanding check. What is the adjusted cash in bank? *

7. A company has 1,833,000 balance per bank, 652,000 deposit in transit, 563,000 NSF check, 212,000 erroneously deducted by bank from the entitys account and 320,000 outstanding check. What is the adjusted cash in bank? *

8. The company shows a balance in cash account of 42,500 but the bank statement just received shows a balance of 40,000. The difference of 2,500 may be caused by? *

9. An entity has 2,201,000 balance per book, 521,000 deposit in transit, 543,000 outstanding check, 390,000 notes collected from customer, 600 bank service charge and 89,000 DAIF check. What is the adjusted cash per book? *

10. A company has 2,320,000 balance per bank, 456,000 deposit in transit, 320,000 NSF check and 278,000 outstanding check. What is the adjusted cash in bank? *