Cash book - Fill-in-the-blank quiz | Accounting for ManagementJee asks : Since the bank reconciliation statement should be done on a monthly basis, say if a company has a lot of banks, is it possible to out-source the bank reconciliation to the bank itself and what are the disadvantages? Answer :. In my experience it is not possible to outsource reconciliations to banks because they do not usually offer this service. A business with many bank accounts should have a separate cash book for each account. I know of a lawyer who has five separate bank accounts.
Recording of Transactions – II – Bank Column Cash Book Solutions
This could encourage businessmen to take out higher drawings than the business can afford. Practice types of job interview such as screening anseers, phone i. The entry will not be posted in the Ledger because the accounts of both the banks are maintained in the Cash Book. Cash system.Withdrew Cash from Bank. Turnbull 57 Mar 31 B. Peers 9 6 D. Salary paid to accountant?
Paid to Shiv Kumar. From the following transactions, identify the type of error! Hosein P. Page No .
Class 11 Chapter 4 Accountancy Extra Questions
He submitted the details for the 15 days that. Cash sales 7, 5. Bank Balance Cr. What do I get.
Answer any five from question numbers bok to Rogers 20 Chapter 7 Balancing off accounts 7. Other interview tips for cash book clerk interview 1. Paid Wages 1, 3.Nelson 50 1 Sales 45 R! However, the following information is available. Answer any three from question numbers 16 to 19 Each carries three scores. Cash in hand.
In my experience it is not possible to outsource reconciliations to banks because they do not usually offer this service. Download EduRev app here for Commerce preparation. Clarke Sales Ledger 16 A. Rogers 6 B.
Thompson 1 N. Alison 30 Sales General Ledger L. Received for Cash sales. Singh 12 6 Sales 10 B.
Join the discussion. Journal Proper Date Particulars L. In my experience it is not possible to outsource reconciliations to banks because they do not usually offer this service. Text d.