Homework Help is Here – Start Your Trial Now!
Business
Accounting
16.15 Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance as at 30 November 20X3: Cheques recorded and sent to suppliers before 30 November 20X3 but not yet presented or payment 1 An error by the bank in crediting to another customer's account a lodgement made by uo company Bank charges Sad 4 Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank 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? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3,5 1, 2, 4 1, 2, 5 C enoteso a morl auperlo A D

16.15 Listed below are five potential causes of difference between a company's cash book balance and its bank statement balance as at 30 November 20X3: Cheques recorded and sent to suppliers before 30 November 20X3 but not yet presented or payment 1 An error by the bank in crediting to another customer's account a lodgement made by uo company Bank charges Sad 4 Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank 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? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3,5 1, 2, 4 1, 2, 5 C enoteso a morl auperlo A D

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 24E
See similar textbooks
icon
Related questions
Question

Can you explain why B is correct? In detail

statement balance as at 30 November 20X3: 1 payment An error by the bank in crediting to another customer's account a lodgement made by company Bank charges Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank 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? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3, 5 1, 2, 4 1, 2, 5 1. 4 C ol euperio
Transcribed Image Text:statement balance as at 30 November 20X3: 1 payment An error by the bank in crediting to another customer's account a lodgement made by company Bank charges Cheques paid in before 30 November 20X3 but not credited by the bank until 3 December 20X3 A cheque recorded and paid in before 30 November 20X3 but dishonoured by the bank 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? Cash book entry Bank reconciliation A 1, 2, 4 3, 5 3, 4 2, 3, 5 3, 5 1, 2, 4 1, 2, 5 1. 4 C ol euperio
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Filing Federal Income Tax Return
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS