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Maybe I should post a picture, but the page do not agree me to do it. If u wanna solve my question
Cash
Overdraft at start month 1340
Reimbursement of petty cash float 45
Received from customer 4400
Return of goods purchased for cash 50
Payments to credit suppliers 990
Rent received 1300
Payment of electricity bill 700 balance c/f 2745
After corrections, what should be the balance on the following account?
(I wanna ask balance c/f why not use to calculate there?)But you do not say which account they want the balance on (“the following account”??)
I wanna send u an email to show u the whole question.~ could u give me ur email address? Because I am confined to describe the whole question.I wanna send u a picture that shows the whole question
Cash
$ $
Overdraft at start of month 1340 Return of goods purchased for cash 50
Reimbursement of petty cash float 45 payments to credit suppliers 990
Received from customer 4400 rent received 1300
Payment of electricity bill 700
Balance c/f 2745The format does not cause me a problem.
However, you have not said what the question wants!!
I am guessing that it wants to know the correct cash balance at the end of the month.
2745 is not correct because the account does not add up 🙂maybe the T account
cash
Debit side TR 4400
cash 50
rental income 1300
Credit side b/f 1340
petty cash 45
TP 990
exp. 700and I can carry a formula:4400+50+1300-1340-45-990-700=2675 ,and 2675 is the correct answer.But during the process, do not use the [balance c/f 2745]that mentioned in the question, so I wanna ask why I should not use this balance c/f 2745 during my calculating?
The question asks you to calculate the correct balance, which is 2675.
The balance of 2745 was calculated wrongly, so you are asked what the correct balance is.
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