Accounts - Principles of Accounts Past Questions and Answers

When a bill is negotiated to a bank, it is said be?

Given that the balance as per cash book after necessary adjustment was N4,315, unpresented cheques were N1,688 and the bank statement balance was N4,791, what was the balance of uncredited cheques?

Which of the following is used to update the cash book in bank reconciliation?

Which of the following is used to update the cash book in bank reconciliation?

Use the information below to answer question
Capital.................................N60 000
Bank....................................N12 500
General expenses........................N5 250
Creditors...............................N17 000
Stock...................................N98 500
Fixed assets............................N42 000
Insurance and rates.....................N18 800
Purchase................................N63 850
What is the cash balance on the debit side if it is the only item omitted?