As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the Cash book was RO9,480. How much should be the bank balance as on 31 May 2005 as per bank statement? a. RO 12830
As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the Cash book was RO9,480. How much should be the bank balance as on 31 May 2005 as per bank statement? a. RO 12830
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the
a. RO 12830
b. RO 6130
c. RO 12830 overdraft
d. RO 6130 Overdraft
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