|
₦ |
|
|
Balance as per cash book |
5467 |
|
Uncredited cheques |
4410 |
|
Unpresented cheques |
19404 |
The balance as per bank statement is
₦20,461
₦21,091
₦21,109
₦19,021
Correct answer is A
The balance as per bank statement is calculated by adding the balance as per cash book and the unpresented cheques then subtracting the uncredited cheques. Therefore, the balance as per bank statement is ₦5467 + ₦19404 - ₦4410 = ₦20,461. Unpresented cheques are cheques that have been issued by a company but have not yet cleared through the bank. Uncredited cheques are cheques that have been received by a company but have not yet cleared through the bank.
The value of goods sent to a branch is debited to the ...
Which of the following is not the purpose of a control account? ...
The part of equity which is payable on winding up is called? ...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
The income and expenditure account differs from receipts and payments account because it ...
What is the figure for purchases? ...
Petty cash book records transactions on ...
If Fatima was granted a discount of 2% what will be discount allowed? ...