A traders cash book had a credit balance of $480. On the same date, his bank statement
Question:
A trader’s cash book had a credit balance of $480. On the same date, his bank statement showed a credit balance of $389. The difference in the balances was caused by bank charges, $25, which appeared only on the bank statement, and a cheque not yet presented.
What was the amount of the unpresented cheque?
A. $66
B. $116
C. $848
D. $894
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The amount of the unpresented cheque is 116 The credit balance i...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0 Reviews
10+ Question Solved
Related Book For 
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
