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June 18, 2018 at 11:53 pm
Just wanted to Thank you Sir God bless you
John Moffat says
June 19, 2018 at 6:29 am
Thank you for your comment 🙂
December 11, 2016 at 4:36 pm
Sir, I can not understand the solution of question no 1…please check your ans and revised it to me
December 12, 2016 at 6:44 am
Have you watched the free lectures on bank reconciliations? (Because obviously there is no point in attempting the test if not).
The answer is completely correct!
The original statement in the questionis incorrect because the unpresented cheques increase the overdraft and the deposits credited after date reduce the overdraft.
May 12, 2016 at 11:13 am
Dear sir, In question 4.The cash account balance shows $ 13620 is an overdrawn balance, thats means its a nagative balance , Then why we calculate as + 13620 -300+1080*2 ?, we should calculate as -13620-300+1080*2 , please clear it to me sir.
May 12, 2016 at 11:49 am
sorry sir the equation should be -13620+300-1080*2 =- 15480 isn’t it sir.
May 12, 2016 at 12:05 pm
And 15,480 overdrawn is what is shown as the correct answer!! It is irrelevant how you show your workings because nobody will look at them 🙂
March 26, 2016 at 12:17 pm
Hi John, I am confused about Q4 -I don’t understand the cheque being credited twice – can you help explain it? Thanks
March 26, 2016 at 12:55 pm
You will know from our free lectures that a dishonoured cheque should be credited in the cash account.
Here it had been debited instead of credited, and so to correct it we need to credit once (to cancel the debit) and then credit a second time to make the correct entry.
February 16, 2016 at 5:07 pm
Hello, i would like to ask regarding question Number 5, Shouldn’t we deduct 192? because it is unpresented cheque, isn’t it? And also adjustments regarding dishonoured cheque we make only in cash book?
February 16, 2016 at 8:18 pm
Yes we should deduct 192, and the answer has deducted it. It makes the overdraft bigger.
And yes, adjustments regarding the dishonoured cheque are only made in the cash book. They do not affect the balance on the bank statement.
So the answer and the workings are correct 🙂
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