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The document provides cash account information for ABC Company on December 31, 2006, including the balance per book, balance per bank statement, various deposit and cash amounts, bank charges, and an error in recording a check amount. It also includes multiple choice questions about the correct cash in bank balance.

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14 views1 page

44

The document provides cash account information for ABC Company on December 31, 2006, including the balance per book, balance per bank statement, various deposit and cash amounts, bank charges, and an error in recording a check amount. It also includes multiple choice questions about the correct cash in bank balance.

Uploaded by

yes yesno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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While checking the cash account of ABC Company on December 31, 2006, you find the following information:

Balance per book 6,776,000


Balance per bank statement (outstanding checks of P987,000) 6,532,000
Deposit in bank closed by BSP 1,600,000
Deposit in transit 1,234,000
Currency and coins counted 950,000
Petty cash fund (of which P10,000 is in the form of paid vouchers 50,000
Bank charges not yet taken up in the book 6,000
Bond sinking fund cash 1,000,000
Receivables from employees 70,000
Error in recording a check in the books. The correct amount as paid by
the bank is P89,000 instead of P98,000 as recorded in the books, or a
different of
9,000
10. The correct cash in bank balance for ABC on December 31, 2006 is

1. 1 400 000
2. 1 855 000
3. 3605000
4. 1075000
5. 1500000
6. 9000000
7. 1532000
8. 3630000
9. 3095000
10. 6779000

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