In the preparation of bank reconciliation statement chequ...
In the preparation of bank reconciliation statement cheque are
Added to the balance as per bank statement
Deduced from the the balance as per bank statement
Added to the balance as per bank statement
Ignored totally
Correct answer is A
Using the cash balance shown on the bank statement, add back any deposits in transit. Deduct any outstanding checks. This will provide the adjusted bank cash balance. Next, use the company's ending cash balance, add any interest earned and notes receivable amount.
All balances should be added to the bank statement
The document which contains the internal regulations of a limited liability company is the ...
Books of account are opening by means of a ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock..........
Which of the following entries is made damaged goods are returned to the supplier? ...
An ordinary share of N80 was issued at N96. The share was issued at? ...
In bank reconciliation process, discrepancies cause by timing arises as a result of? ...