For example: -10234.35
No other characters, including commas, are accepted.
What is the balance on the bank statement?
What is the correct bank balance?
A. Bank charges
B. Lodgments credited after date
C. Cheque paid in, subsequently dishonored
D. Cheques not yet presented
E. Error by bank
(1). Bank charges of $2,840 have not been entered in the cash book.
(2). The bank statement shows a balance of $350 Dr.
(3). Unpresented cheques amount to $1,600.
(4). A direct debit of $280 has not been recorded in the ledger accounts.
(5). A bank error has resulted in a cheque for $83 being debited to Dogger’s account instead of Rogger’s account.
(6). Cheques received but not yet banked amounted to $784.
What will be the final balance in the cash book after all necessary adjustments?
1. In preparing a bank reconciliation, lodgments recorded before date in the cash book but credited by the bank after date should reduce an overdrawn balance in the bank statement.
2. A difference between the cash book and the bank statement must be corrected by means of a journal entry.
3. Bank charges not yet entered in the cash book should be dealt with by an adjustment in the bank reconciliation statement.
4. If a cheque received from a customer is dishonored after date, a credit entry in the cash book is required.
There are unpresented cheques totalling $2,750 and an automatic receipt from a customer of $115 has been recorded as a credit in Shamzil’s cash book.What was Shamzil’s cash balance, prior to correcting the errors and omissions?
Which one of the following alternatives correctly analyses these items into those requiring an entry in the cash book and those that would feature in the bank reconciliation?
(i). The bank balance in the cashbook before taking the items below into account was $7,390 overdrawn.
(ii). Bank charges of $450 on the bank statement have not been entered in the cashbook.
(iii). The bank has credited the account in error with $425 which belongs to another customer.
(iv). Cheque payments totalling $3,860 have been entered in the cashbook but have not been presented for payment.
(v). Cheques totalling $6,110 have been correctly entered on the debit side of the cashbook but have not been paid in at the bank.
What was the balance as shown by the bank statement before taking the items above into account?
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