A major cause of discrepancy between bank statement and t...
A major cause of discrepancy between bank statement and the cash book that overstates the bank statement balance is the?
Commission paid
Interest received
Direct payment
Direct withdrawal
Correct answer is B
Electronic charges or payment on the bank statement not yet recorded in the cashbooks can cause discrepancies on the cash book. If interest has being paid on the account and not recorded of the cashbook, the bank statement is likely going to be overstated with the amount paid and not recorded.
In a petty cash book the imprest is N1380. Expenses: Stationery N350 Cleaning material N335 Gene...
Cash purchase - D 29,641 Creditors 1/1/14 - D 2,473 Creditors 31/12/14 - D 3,117 Cash paid to cre...
Which of the following is not correct? ...
Which of the following accounts belongs to the personal ledger? ...
Which of the following should be included in the adjusted cash book? ...
The authorized capital of city entertainment company is made up of 200,000 212% prefere...
In a public corporation, the capital expenditure incurred in a financial period is? ...
Which of the following is apportioned in proportion of the purchases of each department? ...