From the following information statement after making necessary adjustments in the cash book: prepare a bank...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following information statement after making necessary adjustments in the cash book: prepare a bank reconciliation Particulars Bank balances as per the cash book (Dr.) Cheques deposited, but not yet credited Cheques issued but not yet presented for payment Bank charges debited by bank but not recorded in the cash-book Dividend directly collected by the bank Insurance premium paid by bank as per standing instruction not intimated 32,50,000 44,75,000 35,62,000 12,500 1,25,000 15,900 Cash sales wrongly recorded in the Bank column of the cash-book Customer's cheque dishonoured by bank not recorded in the cash-book Wrong credit given by the bank Also show the bank balance that will appear in the trial balance as on 31.3.2020. 2,55,000 1,30,000 1,50,000 From the following information statement after making necessary adjustments in the cash book: prepare a bank reconciliation Particulars Bank balances as per the cash book (Dr.) Cheques deposited, but not yet credited Cheques issued but not yet presented for payment Bank charges debited by bank but not recorded in the cash-book Dividend directly collected by the bank Insurance premium paid by bank as per standing instruction not intimated 32,50,000 44,75,000 35,62,000 12,500 1,25,000 15,900 Cash sales wrongly recorded in the Bank column of the cash-book Customer's cheque dishonoured by bank not recorded in the cash-book Wrong credit given by the bank Also show the bank balance that will appear in the trial balance as on 31.3.2020. 2,55,000 1,30,000 1,50,000
Expert Answer:
Answer rating: 100% (QA)
Particulars Bank balances as per the cash book Dr Adjustment for ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
From the perspective of an individual investor, what good are bond ratings? Do bond ratings indicate the amount of market risk embedded in a bond? Explain.
-
From the perspective of an organizations managers, discuss what you see as some of the primary trade-offs between the benefits and risks of user application development.
-
From the perspective of an organization, explain duality as it relates to the give and receive events of an economic exchange.
-
In using the bolt cutter shown, a worker applies two 300-N forces to the handles. Determine the magnitude of the forces exerted by the cutter on the bolt. 300 N 12 mm 24 mm E 24 mm 460 mm 96 mm 300 N...
-
Wilma, of Wilmas Wonderful Winterwear, decided to hire two managers and divide John and Kays work between them. Reuel was designated to takeover when Wilma finally retired and handled most of the...
-
Water to run a Pelton wheel is supplied by a penstock of length \(\ell\) and diameter \(D\) with a friction factor \(f\). If the only losses associated with the flow in the penstock are due to pipe...
-
What is meant by the term fact pleading?
-
A firm wishes to minimize annual inventory costs. The firm uses the EOQ model to determine the cost-minimizing order quantity and the reorder point. Annual demand, units 22,100 Item cost, $ per unit...
-
Assets acquired in a lump-sum purchase are valued based on: a. Their assessed valuation. b. Their relative fair values. c. The present value of their future cash flows. d. Their cost plus the...
-
1. How can managers use recommendations derived from need theories to motivate temporary employees? Discuss. 2. To what extent can managers use Herzberg's two-factor theory to motivate temporary...
-
Harkel, CEO of Bestafer, Inc. seeks to raise $6.6 million in a private placement of equity in his early stage venture. Harkel conservatively projects net income of $5 million in year five and knows...
-
Chris is disorganized at work and Greg is not. Greg usually is very organized and on top of his work. Chris usually asks Greg to help him when he has a difficult task, as Greg is good at...
-
Which element ( s ) of communication do you think you struggle with the most?
-
1. Calculate the gravitational force FG on a mass m in relation to the distance x from point A (see figure) along the central line (dashed line): a) A b) 7 A a) inside and outside of a uniform,...
-
Book keeping is not a part of accounting. Do you agree with this statement? Give the rules of debit and credit? Write five limitations of ratio analysis? If net working capital for current year is...
-
How do organizations balance the needs and preferences of their employees with the constraints and goals of the organization when designing a compensation and benefits program?
-
3. 19] Suppose that, in a divide and conquer algorithm, we divide an instance of size n of a problem into 16 sub instances of size n/4 and the dividing takes O(1) time (you may ignore this step)....
-
Explain five different cases of income exempt from tax with clear examples.
-
What processes should be used to develop useful and meaningful output? Who should be involved in the development process?
-
All records in a file must be uniquely identifiable in at least one attribute, which is its primary key. Drawing on your general knowledge of accounting, identify the primary key for the following...
-
As an accountant, why would you need to be familiar with data normalization techniques?
-
The shareholders equity for Best in Show Cinemas L.td. (BSC) (adapted) at December 31. 2019 , appears as follows: On April 15, 2020, the market price of BSC common shares was \(\$ 17\) per share....
-
Identify the effects--both the direction and the dollar amount-of the following assumed transactions on the total shareholders' equity of a large corporation. Each transaction is independent. a....
-
Solartech Inc. had the following sharcholders' equity at January 31 (dollars in millions): Assume that on March 7, Solartech split its common shares 2 for 1. Prepare the shareholders' equity section...
Study smarter with the SolutionInn App