At the end of October the bank ledger account of Post Ltd shows a debit...

80.2K

Verified Solution

Question

Accounting

image
At the end of October the bank ledger account of Post Ltd shows a debit balance of 10,310. The bank statement at the end of October displays a balance of 10,050 CR. Which TWO of the following scenarios could have caused this? Select one or more: A. A direct debit for 140 has not yet been entered into the ledger and bankings of 120 have not yet appeared on the bank statement. B. Bankings of 2,567 have been recorded in the ledger but have not yet appeared on the bank statement and cheques worth 2,050 have not yet cleared the bank. C. Cheques worth 1,055 have not yet cleared the bank and the bank have credited 565 interest in error OD. A payment of bank interest for 545 has not yet been entered into the ledger and cheques worth 285 have not yet cleared the bank

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students