Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

Related Mcqs:

Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).

A. Cash receipt journal B. Cash payment journal C. Cash book D. Financial statements...

In the Bank reconciliation statement “Deposit in transit” is usually:

A. Subtracted from bank balance B. Added to bank balance C. Added to Cash book balance D. Subtracted from cash book balance...

_________ Checks that are presented to bank but not yet credited by the bank.

A. Unpresented checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book

A. $1000 will be added to cash book balance B. $2000 will be deducted from cash book balance C. $3000 will be added to cash book balance D. $3000 will be subtracted from cash book balance...

$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

A. $5000 will be credited B. $5000 will be debited C. $10,000 will be credited D. $10,000 will be debited...