Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating to Account No.I, find out the balance on that account of December 31, 2010 according to the cash book of the firm. i) Cheques paid into bank prior to December 31, 2010, but not credited for Rs. 10,000. ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after hat date for Rs.8,000. iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429 iv) Bank charges debited by bank not entered in the cash book for Rs. 200. v) Interest debited by the bank not entered in the cash book, Rs. 580. vi) Overdraft as per pass book, Rs.18,990. Raghav & Co have two bank accounts,Account No.I and Account No.II. From the following particulars relating to Account No.I, find out the balance on that account of December 31, 2010 according to the cash book of the firm. i) Cheques paid into bank prior to December 31, 2010, but not credited for Rs. 10,000. ii) Transfer of funds from Account No II to Account No I recorded by the bank, on December 31, 2010 but entered in the cash book after hat date for Rs.8,000. iii) Cheques issued prior to December 31, 2010 but not presented until after that date for Rs. 7,429 iv) Bank charges debited by bank not entered in the cash book for Rs. 200. v) Interest debited by the bank not entered in the cash book, Rs. 580. vi) Overdraft as per pass book, Rs.18,990.
Expert Answer:
Answer rating: 100% (QA)
Bank as on 31st December 2010 SN Reconciliation Statement of Raghav Co i i... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
Students also viewed these accounting questions
-
Each of the following situations has an internal control weakness. a. Upside Down Applications develops custom programs to customers specifications. Recently, development of a new program stopped...
-
Each of the following situations has an internal control weakness: a. Soft Wizzard Applications sells accounting software. Recently, development of a new program stopped while the programmers...
-
Each of the following situations has an internal control weakness. a. Linda Grable has been your trusted employee for 30 years. She performs all cash-handling and accounting duties. Linda just...
-
A corporation has 11 manufacturing plants. Of these, seven are domestic and four are outside the United States. Each year a performance evaluation is conducted for four randomly selected plants. What...
-
What is the Bank of Canadas record in achieving its inflation-control target?
-
CASH RECEIVED FOR INTEREST Dowling Company's income statement for 20-2 reported interest revenue of $670. The comparative balance sheet as of December 31, 20-2 and 20-1, reported the following:...
-
A gas engine working on Otto cycle has a cylinder of diameter \(220 \mathrm{~mm}\) and stroke \(300 \mathrm{~mm}\). The clearance volume is \(1600 \mathrm{cc}\). Find the air-standard efficiency....
-
Refer to P&Gs financial statements and accompanying notes to answer the following questions. (a) Under P&Gs stock-based compensation plan, stock options are granted annually to key managers and...
-
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 280 units from the January 30 purchase, 5 units...
-
Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of fine European juicing machines. The owner of...
-
A protein can change conformation from E* to E with an increase in free energy of ????1 = 0.5 kcal/mol. a) If the total protein concentration ???????? = 150 M and T=300 K, what is the equilibrium...
-
Suggest ways in which performance management may link more closely to strategic human resource management.
-
Identify and explain the major features of strategic recruitment and selection, and summarise these through an explanatory model;
-
What factors do you think would explain the weaknesses Radnor and McGuire found in their research?
-
Samson Corporation has 1,000 shares of common stock outstanding. Sal owns 560 shares, Rita owns 250 shares, and Susan owns 190 shares. None of the owners are related. On August 14, 2018, Samson...
-
Provide an underpinning rationale in support of the development and practice of strategically integrated recruitment and selection;
-
(e) Silicon has a Young's modulus, E, of 179 GPa and a density of 2330 kg.m. Q 1(f) (i) What is the mass of a cantilever of length (/) 100 m, width (w) 10 m and thickness (t) 1 m? (ii) Using the...
-
ABC company leased new advanced computer equipment to STU Ltd on 1 January 2019.STULtd has to pay annual rental of $290,000 starting at 1 January 2019. It is a four years lease with ultimate rental...
-
Northwest Magazine sells subscriptions for $36 for 12 issues. The company collects cash in advance and then mails out the magazines to subscribers each month. Requirement 1. Apply the revenue...
-
Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1....
-
This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 23-38 of Chapter 23. Lawlor Lawn Service experienced sales of $500,000 and operating income of $65,000 for 2013. Total...
-
The hydrodynamic boundary layer equations consist of one momentum equation and the continuity equation. How does one solve for the pressure?
-
In laminar flow, why does the heat transfer coefficient decrease as the boundary layer thickness grows?
-
How does the hydrodynamic boundary layer thickness depend upon the Reynolds number?
Study smarter with the SolutionInn App