At the end of October the bank ledger account of Post Ltd shows a debit balance...
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At the end of October the bank ledger account of Post Ltd shows a debit balance of £10,310. The bank statement at the end of October displays a balance of £10,050 CR. Which TWO of the following scenarios could have caused this? Select one or more: O A. A direct debit for £140 has not yet been entered into the ledger and bankings of £120 have not yet appeared on the bank statement. O B. Bankings of £2,567 have been recorded in the ledger but have not yet appeared on the bank statement and cheques worth £2,050 have not yet cleared the bank. O C. Cheques worth £1,055 have not yet cleared the bank and the bank have credited £565 interest in error. O D. A payment of bank interest for £545 has not yet been entered into the ledger and cheques worth £285 have not yet cleared the bank. At the end of October the bank ledger account of Post Ltd shows a debit balance of £10,310. The bank statement at the end of October displays a balance of £10,050 CR. Which TWO of the following scenarios could have caused this? Select one or more: O A. A direct debit for £140 has not yet been entered into the ledger and bankings of £120 have not yet appeared on the bank statement. O B. Bankings of £2,567 have been recorded in the ledger but have not yet appeared on the bank statement and cheques worth £2,050 have not yet cleared the bank. O C. Cheques worth £1,055 have not yet cleared the bank and the bank have credited £565 interest in error. O D. A payment of bank interest for £545 has not yet been entered into the ledger and cheques worth £285 have not yet cleared the bank.
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Option D A payment of bank interest of 545 has not yet been ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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