Acca financial Accounting (FA) Study Text ac ca (FA)

What was the balance as shown by the bank statement before taking 

the items above into account? 

A $5,670 

overdrawn 

B $5,600 

overdrawn 

C $5,740 

overdrawn 

D $6,100 

overdrawn 

48  At 31 August 2005 the balance on an entity's cash book was $3,600 credit. 

Examination of the bank statements revealed the following: 

– 

Standing orders amounting to $180 had not been recorded in the 

cash book. 

– 

Cheques paid to suppliers of $1,420 did not appear on the bank 

statements. 

What was the balance on the bank statement at 31 August 2005? 

A $5,200 

overdrawn 

B $5,020 

overdrawn 

C $2,360 

overdrawn 

D $3,780 

overdrawn 

 

 

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PRACTICE QUESTIONS 

476

 

KAPLAN PUBLISHING

 

49  An organisation’s cash book has an opening balance of $485 credit. The 

following transactions then took place: 

– 

cash sales $1,450 including sales tax of $150 

– 

receipts from customers of debts of $2,400 

– 

payments to payables of debts of $1,800 less 5% cash discount 

– 

dishonoured cheques from customers amounting to $250.