If the bank balance was R20 000 (unfavourable) at the beginning of the year and R25 000 (unfavourable) at the end of the year, which one of the following statements iscorrect?O A. There was a net decrease in cash of R5 000.OB. There was a net increase in cash of R5 000.O C. There was a net increase in cash of R45 000.O D. There was a net decrease in cash of R45 000.

Bank reconciliation is the process of comparing a company's internal financial records with the…

If the bank balance was R20 000 (unfavourable) at the beginning of the year and R25 000 (unfavourable) at the end of the year, which one of the following statement correct? O A. There was a net decrease in cash of R5 000. OB. There was a net increase in cash of R5 000. O C. There was a net increase in cash of R45 000. O D. There was a net decrease in cash of R45 000.

If the bank balance was R20 000 (unfavourable) at the beginning of the year and R25 000 (unfavourable) at the end of the year, which one of the following statement correct? O A. There was a net decrease in cash of R5 000. OB. There was a net increase in cash of R5 000. O C. There was a net increase in cash of R45 000. O D. There was a net decrease in cash of R45 000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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