A company has P1,833,000 cash balance per bank statement, P652,000 deposit in transit, P563,000 NSF check, P212,000 erroneous deduction by the bank from the company's account and P320,000 outstanding checks. What is the adjusted cash balance? A. P1,655,000 B. P2,377,000 C. P1,922,000 D. P2,165,000
A company has P1,833,000 cash balance per bank statement, P652,000 deposit in transit, P563,000 NSF check, P212,000 erroneous deduction by the bank from the company's account and P320,000 outstanding checks. What is the adjusted cash balance?
A. P1,655,000
B. P2,377,000
C. P1,922,000
D. P2,165,000
"no sufficient fund” appears on a bank reconciliation as a/an...
A. Addition to the balance of cash per books
B. Deduction from the balance of
C. Addition to the balance of cash per bank statement
D. Deduction from the balance of cash per bank statement
A bookkeeper erroneously recorded a deposit of P580 as P850. What is the adjustment in the bank reconciliation?
A. P850 addition to the bank balance
B. P850 deduction from the book balance
C. P270 addition to the book balance
D. P270 deduction from the book balance
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