At 31 March 2004 a cash book showed a balance of $80 at bank. On the same

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At 31 March 2004 a cash book showed a balance of $80 at bank. On the same date the bank statement balance. was $650 (credit). When the cash book was compared with the bank statement the following were found:

(i) A cheque sent to a supplier for $1000 had not been presented for payment

(ii) A cheque for $220 paid into the bank had not been credited on the bank statement

(iii) Bank charges of $210 were omitted from the cash book.

Required

(a) Calculate the corrected cash book balance at 31 March 2004.

(b) Prepare a bank reconciliation statement at 31 March 2004.

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:15 AM

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At 31 March 2004 a cash book showed a balance of $80 at bank. On the same

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a The corrected cash book balance at 31 March 2004 is calculated as follows Correcte...View the full answer

Accounting A Level And AS Level

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