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The following bank reconciliation statement has been prepared by a trainee accountant:

BANK RECONCILIATION 30

SEPTEMBER 20X2 $

Balance per bank statement (overdrawn) 36,840

Add: lodgements credited after date 51,240

Less: unpresented cheques 88,080

Balance per cash book (credit) 43,620

44,460

Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?

A

$44,460 credit as stated

B

$60,020 credit

C

$29,220 debit

D

$29,220 credit

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Chapter15Bankreconciliations

$

Bank statement (36,840)

Deposits credited after date 51,240

Unpresented cheques ( 43,620)

Balance per cash book (o/d) (29,220)

多做几道

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

Which accounting concept should be considered if the owner of a business takes goods from inventory for his own personal

use?

A

The fair presentation concept

B

The accruals concept

C

The going concern concept

D

The business entity concept

According to the IASB's Conceptual Framework for Financial Reporting, which TWO of the following are part of faithful

representation?1 It is neutral2 It is relevant3 It is presented fairly4 It is free from material error

A

1 and 2

B

2 and 3

C

1 and 4

D

3 and4

Which of the following accounting concepts means that similar items should receive a similar accounting treatment?

A

Going concern

B

Accruals

C

Matching

D

Consistency

Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy

Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for

Financial Reporting?

A

1 and 2 only

B

2 and 4 only

C

3 and 4 only

D

1 and 3 only

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