Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

On 30 June, Mr. Xind cash book showed an overdraft of Rs 300 on his current account. A bank statement as at the end of June showed that Mr. Xind was in credit with the bank by Rs 65.
 
On checking the cash book with the bank statement, you find the given:
 
a) Cheques drawn of Rs 500 entered in the cash book however not yet presented.

b) Cheques received of Rs 400 entered in the cash book however not yet credited by the bank.

c) The Bank has transferred interest received on deposit account of Rs 60 to current account, recording the transfer on 5 July.

This amount has been credited in the cash book on 30 June.

d) Bank charges of Rs 35 in the bank statement had not been entered in the cash book.

e) The payment side of the cash book has been undercasted by Rs 10.

f) Dividend received amounting to Rs 200 were paid direct to the bank and not entered in the cash book.

g) A cheque for Rs 50 drawn on deposit account has been shown in the cash book as drawn on the current account.

h) A cheque issued to Mr. Yind for Rs 25 was replaced when out of date. It was credited again in the cash book, no other entry being made. Both cheques were involved in the total of unpresented cheques shown above.
 
REQUIRED:

A) Make an adjustmented cash book.

B) Make a bank reconciliation statement.

C) Describe the following terms:

a) Standing Order
b) Direct Debit
c) Bank Overdraft
d) Dishonoured Cheque

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M96373

Have any Question? 


Related Questions in Financial Accounting

Todays workforce is increasingly made up of part-time or

Today's workforce is increasingly made up of part-time or contingent employees. Is organizational culture important if the workforce is comprised of mostly temporaries

Paper preparation topic abortion- please read instructions

Paper Preparation Topic: Abortion- Please read instructions in red. To prepare for your Paper (due in Week Five), complete the following assignment and submit it to your instructor for feedback. Your paper should include ...

Describe the steps in the exporting process and each of the

Describe the steps in the exporting process and each of the instruments that facilitate exporting. What are export management companies and what are export trading companies? What purposes do they serve and in what way a ...

Exercise 1 fixed versus variable cost behaviornasenko

Exercise 1: Fixed versus variable cost behavior Nasenko Company's cost and production data for two recent months included the following:                            March    April Production (units)   200       400 Rent   ...

Chapter 1 1 which of the following goals of the firm are

Chapter 1 1) Which of the following goals of the firm are synonymous (equivalent) to the maximization of shareholder wealth? A) profit maximization B) maximization of the total market value of the firm's common stock C) ...

Select a violent female offender 2 pages bull describe the

Select a violent female offender 2 pages • Describe the violent female offender you selected. • Describe any social, environmental, psychological, and/or biological factors that may have contributed to the crime and expl ...

Discussionanswer in 2-3 paragraphs and use

DISCUSSION ANSWER IN 2-3 PARAGRAPHS AND USE SCHOLARLY SOURCE(S) First, search the internet for the official website of your local city government. If you cannot find your city, select your state. After reviewing this web ...

One of the auditorrsquos roles is to verify inventory

One of the auditor’s roles is to verify inventory values. The auditor would have to verify both the quantity on hand and the unit cost to determine the inventory value. How would the auditor verify the quantity?

Iexercises1 an extract from the trial balance of armstrong

I. Exercises 1. An extract from the trial balance of Armstrong Corp. at June 30, 2016 is reproduced below:   Account Amount in unadjusted trial balance Amount in adjusted trial balance 1 Prepaid insurance $1,200 $  800 2 ...

Assignmentfinancial statement analysisprepare an eight- to

Assignment Financial Statement Analysis Prepare an eight- to ten-page fundamental financial analysis (excluding appendices, title page, abstract, and references page) that will cover each of the following broad areas bas ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen