Multiple Choice
Simon Ltd's bank statement showed a credit balance of $14 000 at 31 October. It also showed bank service charges of $2 200 and a direct credit received from a customer amounting to $600. Unpresented cheques were $1 400 and there was an outstanding deposit for $4 600. What was the final bank balance in Simon Ltd's ledger at 31 October?
A) $10 800 DR
B) $10 800 CR
C) $17 200 DR
D) $17 200 CR
Correct Answer:
Verified
Correct Answer:
Verified
Q5: In preparing a bank reconciliation statement for
Q6: Alison Ltd's bank statement showed a debit
Q7: In preparing a bank reconciliation statement for
Q8: Segregation of duties involves:<br>A) clearly establishing lines
Q9: Which of the following is NOT true
Q11: Included in the bank statement was a
Q12: In preparing a bank reconciliation statement for
Q13: In preparing a bank reconciliation statement for
Q14: Which of the following is NOT correct?
Q15: In terms of an effective internal control