The bank sends you a memorandum informing you that they have increased the balance of your account... A. Credit Memo B. Debit Memo C. Deposit in Transit D. Outstanding Checks
2. The bank sends you a memorandum informing you that they have increased the balance of your account...
A. Credit Memo
B. Debit Memo
C. Deposit in Transit
D. Outstanding Checks
3. An entity has P2,201,000 cash balance per books, P521,000 deposit in transit, P543,000 outstanding checks, P390,000 notes collected by the bank from entity's customer, P600 bank service charge and P89,000 NSF check. What is the adjusted cash balance?
A. P2,048,000
B. P2,502,400
C. P2,501,400
D. P2,179,000
4. When preparing a bank reconciliation, interest credited to the business’ bank account but not yet recorded in the books of account is...
A. Added to the balance of
B. Deducted from the balance of cash per books
C. Added to the balance per bank statement
D. Deducted from the balance per bank statement
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