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Need your support, please. This question is bit difficult than other BRS questions.
Your firm’s bank statement at 31 October 20X8 shows a balance of $13,400. You subsequently
discover that the bank has dishonoured a customer’s cheque for $300 and has charged bank charges of
$50, neither of which is recorded in your bank account in the general ledger. There are unpresented
cheques totalling $1,400. You further discover that an automatic receipt from a customer of $195 has
been recorded as a credit in your bank account in the general ledger.
What was the balance on your bank account in the general ledger before correcting the errors and
omissions?
A $11,960
B $12,155
C $13,360
D $13,750Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers – they have answers and explanations
🙂Everything needed to be able to answer this question is explained in detail in my free lectures on bank reconciliations.
okay sir. But this question from bpp kit, i didn’t understand their solution. But as per your advice, I’ll watch your lecture sir
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