16.15 Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance as at 30 November 20X3: Cheques recorded and sent to suppliers before 30 November 20X3 but not yet presented or payment 1 An error by the bank in crediting to another customer's account a lodgement made by uo company Bank charges Sad 4 Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank Which one of the following alternatives correctly analyses these items into those requiring an entry in the cash book and those that would feature in the bank reconciliation? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3,5 1, 2, 4 1, 2, 5 C enoteso a morl auperlo A D

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Can you explain why B is correct? In detail

statement balance as at 30 November 20X3:
1
payment
An error by the bank in crediting to another customer's account a lodgement made by
company
Bank charges
Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3
A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank
Which one of the following alternatives correctly analyses these items into those requiring an entry in the
cash book and those that would feature in the bank reconciliation?
Cash book entry
Bank reconciliation
A 1, 2, 4
3, 5
3, 4
2, 3, 5
3, 5
1, 2, 4
1, 2, 5
1. 4
C
ol euperio
Transcribed Image Text:statement balance as at 30 November 20X3: 1 payment An error by the bank in crediting to another customer's account a lodgement made by company Bank charges Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank Which one of the following alternatives correctly analyses these items into those requiring an entry in the cash book and those that would feature in the bank reconciliation? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3, 5 1, 2, 4 1, 2, 5 1. 4 C ol euperio
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