5 Problem From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20--Balance as per bank book Rs. 79,000Cheques issued but not presented for payment 24,000.Cheques deposited but not cleared Rs. 35,000Interest on deposit was credited by bank but not debited in bank book 1,000.A customer paid into bank directly 13,000 but the same was not recorded in bank book.Other receipts in bank that were not recorded in bank book 20,000.

Bank pass book and cash book, both record the same transaction, so both balance in passbook and cash…

Answered: From the following data ascertain the…

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 7.3BE

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5 Problem

From the following data ascertain the balance as per bank statement of Rashid & Co on March 31, 20--

Balance as per bank book Rs. 79,000
Cheques issued but not presented for payment 24,000.
Cheques deposited but not cleared Rs. 35,000
Interest on deposit was credited by bank but not debited in bank book 1,000.
A customer paid into bank directly 13,000 but the same was not recorded in bank book.
Other receipts in bank that were not recorded in bank book 20,000.

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