Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The transaction report India plc's electronic banking system on 31 October 20X9 shows a credit balance of 4,670. The report includes bank charges of 120
The transaction report India plc's electronic banking system on 31 October 20X9 shows a credit balance of 4,670. The report includes bank charges of 120 that have not yet been recorded in the company's cash at bank account. In October India plc wrote manual cheques totalling 1,410 and banked cheques received totaling 770, neither of which have yet appeared on the report What is the amount to be shown as cash and cash equivalents on India plc's draft statement of financial position at 31 October 20X9?
A 4,030 B 3,910 C 5,310 D 5,190
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