Question: Please choose the correct option for the given scenario. The correction of errors and deposits not yet credited reflected on the previous months must be

Please choose the correct option for the given scenario.

The correction of errors and deposits not yet credited reflected on the previous months must be compared with current months bank statement to determine if the bank has attended to this items or not.

 Answer 1Choose...bank account in the general ledgercash receipts and petty cash journal of Luna Electricians.bank reconciliation statementcash payments and petty cash journal of Luna Electricianscash receipts journalLuna Electricians has a favourable bank balance of R2 000.cash payments journalLuna Electricians has an unfavourable bank balance of R2 000.cash receipts and cash payments journal of Luna Electriciansbank statement

The bank statement of Luna Electricians must be compared with the in the bank reconciliation process.

 Answer 2Choose...bank account in the general ledgercash receipts and petty cash journal of Luna Electricians.bank reconciliation statementcash payments and petty cash journal of Luna Electricianscash receipts journalLuna Electricians has a favourable bank balance of R2 000.cash payments journalLuna Electricians has an unfavourable bank balance of R2 000.cash receipts and cash payments journal of Luna Electriciansbank statement

A client paid R3 000 Luna Electricians with debit card. The debit card transaction will automatically reflect during the course of the business day on Luna Electricians

Answer 3Choose...bank account in the general ledgercash receipts and petty cash journal of Luna Electricians.bank reconciliation statementcash payments and petty cash journal of Luna Electricianscash receipts journalLuna Electricians has a favourable bank balance of R2 000.cash payments journalLuna Electricians has an unfavourable bank balance of R2 000.cash receipts and cash payments journal of Luna Electriciansbank statement

Luna Electricians received a bank statement that reflects a debit balance of R2 000 in Luna Electricians business bank account. This means

Answer 4

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