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As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the Cash book was RO9,480. How much should be the bank balance as on 31 May 2005 as per bank statement?  a. RO 12830

As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the Cash book was RO9,480. How much should be the bank balance as on 31 May 2005 as per bank statement?  a. RO 12830

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
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As on 31 May 2005 the deposits awaiting clearance is RO18,240 and cheques yet to be presented for payment is RO21,590; while the bank balance as recorded in the Cash book was RO9,480. How much should be the bank balance as on 31 May 2005 as per bank statement?
 a. RO 12830
 b. RO 6130
c. RO 12830 overdraft
 d. RO 6130 Overdraft

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