OD: Net Income: 3,340,000 KHR 1 point 16. A business has a debit balance on...
80.2K
Verified Solution
Link Copied!
Question
Accounting
OD: Net Income: 3,340,000 KHR 1 point 16. A business has a debit balance on its cash book of 2,020,000 KHR. In reconciling the cash book balance with the bank statement balance, it is discovered that the bank statement does not show cheques received and banked from customers for 400,000 KHR or cheque payments to suppliers for 700,000 KHR. The bank statement also shows bank charges of 60,000 KHR and a direct debit payment of 230,000 KHR. None of these items have yet been recorded in the ledger. What is the closing balance or Adjusted Cash Balance Per Book? * A: 2,320,000 KHR B: 1,730,000 KHR C: 2,030,000 KHR D: 1,430,000 KHR noe for irrecoverable 1 point
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!
