Your firm’s cash book shows a credit bank balance of $1,240 at 30 April 2021. On comparison with the bank statement, you determine that there are unpresented cheques totalling $450, and a receipt of $140 which has not yet been passed through the bank account. The bank statement shows bank charges of $75 which have not been entered in the cash book. Please provide solution. The balance on the bank statement is: ______ Dr.
Your firm’s cash book shows a credit bank balance of $1,240 at 30 April 2021. On comparison with the bank statement, you determine that there are unpresented cheques totalling $450, and a receipt of $140 which has not yet been passed through the bank account. The bank statement shows bank charges of $75 which have not been entered in the cash book. Please provide solution. The balance on the bank statement is: ______ Dr.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Your firm’s
Please provide solution. The balance on the bank statement is: ______ Dr./Cr.
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