When preparing a bank reconciliation what would cause the bank statement balance to be less than the adjusted cash balance in the general ledger? (Assume the bank is not in overdraft.) Select one: a. Outstanding cheques. b. Outstanding deposits. c. Dishonoured cheques. O d. Direct withdrawal from the bank account. e. Bank fees. The allowance for doubtful debts account had a CR balance of $4500 before bad debts of $1000 were written off and the allowance was adjusted to 10% of the accounts receivable balance of $44 000. The new amount of allowance for doubtful debts that is deducted from accounts receivable in the balance sheet is: Select one: a. $1,000 O b. $1,400. O c. $900. O d. $1,200. e. $4,400. Mix Co has the following balances in its general ledger. Accounts receivable $32 000 Less allowance for doubtful debts -4000 $ 28 000 If a debt for $3000, previously provided for as doubtful, is written off as bad, what is the estimated net realisable value of accounts receivable after the write off? Select one: O a. $28 000 0 b. $24 000. 0 c. $27 000. 0 d. $21 000 e. $25 000. results in the ending inventory being valued at the most current cost. Select one: a. Specific Identification. b. Weighted Average. C. FIFO. O d. LIFO. e. Moving Average. Boss Ltd received its monthly bank statement showing a balance of $16 785 Cr at 30 June. On this date cash received from ratepayers and not yet deposited at the bank totalled $5784 and outstanding cheques were $322. The amount to appear as cash at bank on the 30 June balance sheet is: Select one: a. $11 323. O b. $10 679. C. $22 247 d. $22 891. e. $15 260. Which statement relating to the moving average method of costing inventories, used with the perpetual inventory system, is correct? Select one: a. A new average cost is calculated after each purchase. b. A new average cost is calculated at the beginning of the financial year. C. A new average cost is calculated after each sale and each purchase. d. A new average cost is calculated at the end of each month. e. A new average cost is calculated after each sale