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#bank-reconciliation-statement
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Where to place in the bank reconciliation statement, accounts that are recorded debit side of the bank statement but not recorded anywhere in the cash book?
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hussen omari
Feb 1
Where to place in the bank reconciliation statement, accounts that are recorded debit side of the bank statement but not recorded anywhere in the cash book? ?
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Feb 1
Accounts that are recorded on the debit side of the bank statement but not recorded anywhere in the cash book should be placed in the "Outstanding Deposits" section of the bank reconciliation statement. This section is used to record any deposits made by the company that have not yet been recorded in the cash book.
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Debebe
more than 1 week ago
7. In preparing bank reconciliation, the amount of checks outstanding would be.
A. added to the cash balance according to the bank statement.
B. deducted from the cash balance according to the bank statement. C. added to the cash balance according to the de pastor's records.
D. deducted from the cash balance according to the depositor's records.
8. The bank erroneously charged Tropical Services' account for $450.50 for a check that was correctly written and recorded by Tropical Services as $540.50. To reconcile the bank account of Tropical Services at the end of the month,
A. adds $90 to the cash balance according to the bank statement.
B. adds $90 to the cash balance according to Tropical Services' records.
१०
C. deduct $90 from the cash balance according to the bank statement.
D. deduct $90 from the cash balance according to Tropical Services' records.
9. On Jannuary-10, Nile Co. sales merchandise on account to Tana Company and receive Br. 10,000, 90-day, 12% promissory note. (assume 360 days in a year), the maturity value would be:
A. Birr 10,000
B. Birr 9,700
C. Birr 10,300
D. Birr 11,200
10. A sales invoice included the following information: merchandise price, birr 12,000; transportation, birr 1000; terms 1/10, n/eom, and FOB destination. Assuming that a credit for merchandise returned of birr 1000 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?
A. Birr 11,662
B. Birr 10,890
C. Birr 11,880
D. Birr 10,672
A. added to the cash balance according to the bank statement.
B. deducted from the cash balance according to the bank statement. C. added to the cash balance according to the de pastor's records.
D. deducted from the cash balance according to the depositor's records.
8. The bank erroneously charged Tropical Services' account for $450.50 for a check that was correctly written and recorded by Tropical Services as $540.50. To reconcile the bank account of Tropical Services at the end of the month,
A. adds $90 to the cash balance according to the bank statement.
B. adds $90 to the cash balance according to Tropical Services' records.
१०
C. deduct $90 from the cash balance according to the bank statement.
D. deduct $90 from the cash balance according to Tropical Services' records.
9. On Jannuary-10, Nile Co. sales merchandise on account to Tana Company and receive Br. 10,000, 90-day, 12% promissory note. (assume 360 days in a year), the maturity value would be:
A. Birr 10,000
B. Birr 9,700
C. Birr 10,300
D. Birr 11,200
10. A sales invoice included the following information: merchandise price, birr 12,000; transportation, birr 1000; terms 1/10, n/eom, and FOB destination. Assuming that a credit for merchandise returned of birr 1000 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?
A. Birr 11,662
B. Birr 10,890
C. Birr 11,880
D. Birr 10,672
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