Question: hi please i need quick answer help me i will rate for you Question 1 of 3 30 Points a. When a businessman compares the

hi please i need quick answer help me i will rate for you
Question 1 of 3 30 Points a. When a businessman compares the Bank balance of its cash book with the balance shown by the bank pass book, there is often a difference. As the time period of posting the transactions in the bank column of cash book does not correspond with the time period of posting in the bank pass book of the firm, the difference arises Required: Explain what could be the main reasons for difference in balance of the cash book and pass book (6 marks) b. Explain to distinguish between cash book and pass book (2 marks) c. Explain the need for preparation of bank reconciliation statement (3 marks) d. Given below is the Balance Sheet of M/s ABC Ltd, for the year ended 31 December 2018 Liabilities Amount assets Amount 10.00.000 Net fixed Assets 15,00,000 Equity share capital Reserves 12.50,000 2.50.000 Current assets 2,50.000 Discount on issueof Debentures 5,00,000 50.000 Profit for the 0 year 8,00 000 10% debentures Current liabilities 28,00,000 28,00,000 Required: Calculate Return On Insestment (ROI) (8 marks) e. "Accounting equation remains intact under all circumstances" Justify the statement with the help of example (4 marks) 1. Explain the mitin accounting errors that do not affect the trial balance (marks) Chat hp Ende eink DOS CAN ED 112 f8 19 O no E f7 DO 16 GD 14 U CSC n 12 15 7 B ? & TA $ $ 3 $ 4 % 5 ( 8 / 7 > 9 1 B 0 & 5 2 6
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