Question: when performing a reconciliation between the bank statement and the cash book, which TWO of the following would require an entry in the cash book?

when performing a reconciliation between the bank statement and the cash book, which TWO of the following would require an entry in the cash book?

a. Deposits credited after date

b. Direct debit on bank statement only

c. Bank charges

d. Bank error

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

When performing a reconciliation between the bank statement and the cash book, which TWO of the following would require an entry in the cash book? a. Deposits credited after date b. Direct debit on...

Q:

I have to fill in the cash entry chart using this information Heartland Mutual Bank 1 2 May 1 to May 31 Deposits & 3 4 Checks and Debit Memos Credit Memos Balance Beginning Balance 1-May 2-May...

Q:

out * EXERCISES Answer the following questions. 1 The following items will result in a difference between the balances in the bank statement and the cash book, except A Interest charges B Standing...

Q:

Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other $ 80 Date May 1 4 12 28 30 May 31 NSF check $80 #2 #4 #5 #6 #8 $ 40 130...

Q:

Lowak Ltd operates two bank accounts with its banker, account number 1 and account number 2. as at 31 March 2020, the balances as per the bank statement and the cash book were as follows: Account...

Q:

Jerneh Enterprise involves in trading business as one of major wholesale players in the local community. The business is having an overdraft facility from its bank with a credit limit of RM250,000....

Q:

3. At the end of April, Classic Cinema's accounting records show a cash balance of $5,240. The April bank statement reports a cash balance of $6,700. The following information is gathered from the...

Q:

Class - ActivityDexter Ltd operates two bank accounts with its banker, account number 1 and account number 2 . as at 3 1 March 2 0 2 1 , the balances as per the bank statement and the cash book were...

Q:

QUESTION THREE [20 Marks] Bank reconciliation is one of the topics you did when you were doing Principles of Accounting 1 module at university. As an internship student in one of the reputable...

Q:

The following information relates to a bank reconciliation. (i) The bank balance in the cash book before taking the items below into account was $8,970 overdrawn. (ii) Bank charges of $550 on the...

Q:

If G = (V, E) is a directed graph or multigraph with no isolated vertices, prove that G has a directed Euler trail if and only if (i) G is connected; (ii) od(v) = id(v) for all but two vertices x, y...

Q:

Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. 1. Property taxes on the factory building. 2. Production superintendents...

Q:

Define the Hurdle Rate. What three factors is a Hurdle Rate calculated off of ? How does the Hurdle Rate relate to what your project can pay for the land?

Q:

Distinguishing between direct and indirect costs enables managers to identify areas where cost reduction measures can be implemented without compromising the quality of care. By analyzing indirect...

Q:

Make recommendations for improving retention and employee relations in relation to diversity, equity, and inclusiveness in an organization.

Q:

Explain the multicultural organization development (MCOD) process.

Q:

What is the right HRM strategy for Global Care Mexico hybrid or centralized? Why? Evaluate the different options (with pros and cons).