The following information relates to a bank reconciliation of Africa Traders for the month of...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The following information relates to a bank reconciliation of Africa Traders for the month of February 2022: (1) The balance as per the bank account in the general ledger, before taking the items below into account, was R5 670 unfavourable. (2) Bank charges of R250 on the bank statement have not been entered in the cash payments journal. (3) The bank has credited the bank statement in error with R40 which belongs to another customer. (4) Debit card payments totalling R325 have been correctly entered in the cash payments journal but do not yet appear on the bank statement. (5) Direct deposits received, totalling R545, have been correctly entered in the cash receipts journal from the internet banking notice of payments but have not yet been cleared by the bank. What was the balance as per the bank statement as at 28 February 2022
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.