-Net increase in cash and cash equivalent is OMR 7,000; Bank overdraft in the beginning of the period OMR 12,000.Determine the ending Bank balance? a. Bank overdraft OMR 19,000 b. Bank overdraft OMR 5,000 c. Bank balance OMR 12,000 d. None of the option is correctvv

-Net increase in cash and cash equivalent is OMR 7,000; Bank overdraft in the beginning of the period OMR 12,000.Determine the ending Bank balance? a. Bank overdraft OMR 19,000 b. Bank overdraft OMR 5,000 c. Bank balance OMR 12,000 d. None of the option is correctvv

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

6-Net increase in cash and cash equivalent is OMR 7,000; Bank overdraft in the beginning of the period OMR 12,000.Determine the ending Bank balance?

Bank overdraft OMR 19,000

Bank overdraft OMR 5,000

Bank balance OMR 12,000

None of the option is correctvv

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