Sigma’s bank statement shows an overdrawn balance of USD38,600 at 30 June 2011.　A check against the company’s cash book revealed the following differences:(1)　　　Bank charges of USD200 have not been entered in the cash book.(2)　　　Lodgements recorded on 30 June 2011 but credited by the bank on 2 July USD14,700.(3)　　　Cheque payments entered in cash book but not presented for payment at 30 June 2011 USD27,800.(4)　　　A cheque payment to a supplier of USD4,200 charged to the account in June 2011 recorded in the cash book as a receipt.Based on this information, what was the cash book balance BEFORE any adjustments?

1 .Which two of the following statements about bank reconciliations are correct? (1)　　　If a cheque received from a customer is dishonoured after date, a credit entry in the cash book is required.(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.(4)　　　In preparing a bank reconciliation, lodgements recorded before date in the cash book but credited by the bank after date should reduce an overdrawn balance in the bank statement.

A (1) and (3) B (2) and (3) C (1) and (4) D (2) and (4)

题型: 单选题 提问时间: 2021-08-22

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3 .What should the final cash book balance be when all the above items have been properly dealt with?

A USD　5,110 overdrawn B USD　33,630 overdrawn C USD　43,650 overdrawn D USD　72,170 overdrawn

题型: 单选题 提问时间: 2021-08-22

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4 .A company’s trial balance failed to agree, the totals being:Debit　　USD815,602Credit　　USD808,420Which one of the following errors could fully account for the difference?

A The omission from the trial balance of the balance on the insurance expense account USD　7,182 debit B Discount allowed USD　3,591 debited in error to the discount received account C No entries made in the records for cash sales totalling USD　7,182 D The returns outwards total of USD　3,591 w...

题型: 单选题 提问时间: 2021-08-22

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