Copy of - Answer 1 Option C not have access to the accounting records for that asset Answer 2 Option C 3 Answer 3 Option D total assets will

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Answer 1 Answer 2 Option C. 3 Answer 3 Answer 4 Bank Reconciliation statement Amount Amount Balance as per bank statement $5,000 Less: (a) Outstanding check $500 (d) Interest Earned $58 $558 $4,442 Add: (b) Deposit in transit $1,000 (c) Bank service charges $10 (e) Wrongly deducted by bank $110 $1,120 Balance as per cash book $5,562 $5,562 Answer 5 Option A. outstanding checks Answer 6 Answer 7 Option B. 1 Answer 8 Option C. not have access to the accounting records for that asset. Option D. total assets will increase and total liabilities will increase the reconciled cash balance at the end of the month Option D. The task of preparing the budget should be the sole task of the accounting department.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Option A. understatement of expenses Answer 9 Answer 10 $600 $400 $800 Payment made to the supplier (d = a + c - b) $1,000 Answer 11 Option E. Cash A/c……………………………………Dr. $500
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/31/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas at Austin.

Page1 / 5

Copy of - Answer 1 Option C not have access to the accounting records for that asset Answer 2 Option C 3 Answer 3 Option D total assets will

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online