F3 Question Bank Bank Reconciliations

[marion]

A's Bank statement shows an overdrawn balance of $38600 at 30 Jun 2005. A check against the company's cash book revealed the following differences: 1. Bank charges of $200 have not been entered in the cash book. 2. Lodgements recorded on 30 Jun 05 but credited by the bank on 2 July $14700. 3.Cheque payments entered in cash book but not presented for payment at 30 Jun 2005 $27800. 4. A cheque payment to a supplier of $4200 charged to the account in June 2005 recorded in the cash book as a receipt. Based on this information, what was the cash book balance BEFORE any adjustments? a)$43100 overdrawn b) $16900 overdrawn c)$60300 overdrawn d)$34100 overdrawn?

[adgunny]

Hi,the answer is a) $43,100 overdrawn..

[marco1977]

i'm thinking on this...who will give the right answer??

[marco1977]

I AGREE WITH YOU, ANSWER A) BECAUSE:

BANK STATEMENT BALANCE -38,600.00
BANK CHARGE 200.00
OUTSTANDING LODGEMENT 14,700.00
UNPRESENTED CHEQUES -27,800.00
ERROR 8,400.00
CASH BOOK BALANCE -43,100.00

[nana_asamoah]

These are quiet useful information.

Thanks.

[prasanthishibu]

Thank you very much