Sigma’s bank statement shows an overdrawn balance of USD38,600 at 30 June. 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 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 USD27,800.(4) A cheque payment to a supplier of USD4,200 charged to the account in June recorded in the cash book as a receipt.Based on this information, what was the cash book balance BEFORE any adjustments?

1 .The following receivables ledger control account for December prepared by a trainee accountant contains a number of errors: Receivables ledger control account USD USD 1 Dec Balance 614,000 30 Dec Credit sales 301,000 31 Dec Cash from credit customers 311,000 Discounts allowed 3,400 Contras against amounts due to suppliers in payables ledger 8,650 Irrecoverable debts written off 32,000 Interest charged on overdue accounts 1,600 Balance 595,650 —— —— 933,650 933,650 —— —— What should the closing balance on the control account be after the errors in it have been corrected?

A USD561,550 B USD568,350 C USD578,850 D USD581,550

题型: 单选题 提问时间: 2021-08-24

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2 .The following receivables ledger control account for December has been prepared by a trainee accountant: Receivables ledger control account USD USD 1 Dec Balance 318,650 31 Dec Cash from credit customers 181,140 Credit sales 161,770 Interest charged on overdue accounts 280 Cash sales 84,260 Irrecoverable debts w/off 1,390 Discounts allowed to credit customers 1,240 Sales returns from credit customers 3,990 Balance 379,120 —— —— 565,920 565,920 —— —— What should the closing balance at 31 December be after correcting the errors in the account?

A USD292,380 B USD292,940 C USD295,420 D USD377,200

题型: 单选题 提问时间: 2021-08-24

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3 .Listed below are five potential causes of difference between a company’s cash book balance and its bank statement balance as at 30 November:(1) Cheques recorded and sent to suppliers before 30 November but not yet presented for payment.(2) An error by the bank in crediting to another customer’s account a lodgement made by the company.(3) Bank charges.(4) Cheques paid in before 30 November but not credited by the bank until 3 December.(5) A cheque recorded and paid in before 30 November but dishonoured by the bank.Which 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?

A Cash book entry: 1, 2, 4; Bank reconciliation: 3, 5 B Cash book entry: 2, 3, 5; Bank reconciliation: 1, 4 C Cash book entry: 3, 4; Bank reconciliation: 1, 2, 5 D Cash book entry: 3, 5; Bank reconciliation: 1, 2, 4

题型: 单选题 提问时间: 2021-08-24

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4 .Which TWO of the following statements about bank reconciliations are correct?(1) If a cheque received from a customer is dishonoured, 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: 2021-08-24

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5 .The following bank reconciliation statement has been prepared for a company: USD Overdraft per bank statement 39,800 Add: Deposits credited after date 64,100 ——— 103,900 Less: Outstanding cheques presented after date 44,200 ——— Overdraft per cash book 59,700 ——— Assuming the amount of the overdraft per the bank statement of USD39,800 is correct, what should be the balance in the cash book?

A USD19,900 overdrawn B USD68,500 overdrawn C USD59,700 overdrawn as stated D USD158,100 overdrawn

题型: 单选题 提问时间: 2021-08-24

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7 .The following bank reconciliation statement has been prepared by an inexperienced bookkeeper at 31 December: Bank reconciliation statement USD Balance per bank statement (overdrawn) 38,640 Add: Lodgements not credited 19,270 ——— 57,910 Less: Unpresented cheques 14,260 ——— Balance per cash book 43,650 ——— What should the final cash book balance be when all the above items have been properly dealt with?

A USD5,110 overdrawn B USD33,630 overdrawn C USD43,650 overdrawn D USD72,170 overdrawn

题型: 单选题 提问时间: 2021-08-24

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8 .The debit balance in Omar’s cash book at the year end is USD42,510. The following itemsappear in the bank reconciliation at the year end: USD Unpresented cheques 2,990 Outstanding lodgements 10,270 A customer’s cheque for USD2,470 was returned unpaid by the bank before the year end, but this return has not been recorded in the cash book.What was the balance shown by the bank statement?

A USD47,320 B USD37,700 C USD35,230 D USD32,760

题型: 单选题 提问时间: 2021-08-24

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9 .Z’s bank statement shows a balance of USD825 overdrawn. The bank statement includes bank charges of USD50, which have not been entered in the cash book. There are unpresented cheques totalling USD475 and deposits not yet credited of USD600. The bank statement incorrectly shows a direct debit payment of USD160, which relates to another customer of the bank.What figure for the bank balance should be shown in Z’s statement of financial position?

A USD590 overdrawn B USD540 overdrawn C USD790 overdrawn D USD840 overdrawn

题型: 单选题 提问时间: 2021-08-24

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10 .In preparing a company’s bank reconciliation statement at 31 March, the following items are causing the difference between the cash book balance and the bank statement balance:(1) Unrecorded bank charges USD380(2) Error by bank USD1,000 (cheque incorrectly debited to the account)(3) Lodgements not credited USD4,580(4) Outstanding cheques USD1,475(5) Unrecorded direct debit USD350(6) Cheque paid in by the company that was subsequently dishonoured USD400.Which of these items will require an entry in the cash book?

A 2, 4 and 6 B 3, 4 and 5 C 1, 2 and 3 D 1, 5 and 6

题型: 单选题 提问时间: 2021-08-24

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