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On 31 July the Pass book of BAC LLC reported balance of RO 8750. Cheques deposited in bank awaiting clearance were RO 12,400 and the value of cheques issued but not yet presented in the bank was RO 11,480. There was a credit in the bank for insurance claim amounting to RO 2,500 and debit was made for the Loan instalment for RO 5,500. The balance as per the cash book is.

On 31 July the Pass book of BAC LLC reported balance of RO 8750. Cheques deposited in bank awaiting clearance were RO 12,400 and the value of cheques issued but not yet presented in the bank was RO 11,480. There was a credit in the bank for insurance claim amounting to RO 2,500 and debit was made for the Loan instalment for RO 5,500. The balance as per the cash book is.

FINANCIAL ACCOUNTING
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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On 31 July the Pass book of BAC LLC reported balance of RO 8750. Cheques deposited in bank awaiting clearance were RO 12,400 and the value of cheques issued but not yet presented in the bank was RO 11,480. There was a credit in the bank for insurance claim amounting to RO 2,500 and debit was made for the Loan instalment for RO 5,500. The balance as per the cash book is.
Transcribed Image Text:On 31 July the Pass book of BAC LLC reported balance of RO 8750. Cheques deposited in bank awaiting clearance were RO 12,400 and the value of cheques issued but not yet presented in the bank was RO 11,480. There was a credit in the bank for insurance claim amounting to RO 2,500 and debit was made for the Loan instalment for RO 5,500. The balance as per the cash book is.
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