Accounting Questions and Answers

Use the following information to answer the question

$\begin{array}{c|c} \text{Unpresented cheques} & N85,305 \\ \text{Balance as per bank statement} & N206,865 \\ \text{Balance as per cash book} & N144,495\end{array}$

Uncredited cheques amount to

Item in the bank statement of a business but not in the Cash Book before preparation of bank reconciliation statement do not include

Errors in the ledger can be corrected through

The document which authorizes the Minister of Finance to release fund for government expenditure is

Use the following information to answer the question

$\begin{array}{c|c} \text{prepared} & \text{1/01/2003} & N600.00\\ \text{Rent paid} & \text{31/12/2003} & N3,000.00\\ \text{Rent prepaid} & \text{31/12/2003} & N400.00\end{array}$

Rent for 2013 amounted to